Aussie Dollar Hit as Australia's Jobs Shock Rattles the RBA

The Australian dollar is sliding as unemployment hits a five-year high and traders scale back bets on one more Reserve Bank of Australia hike. StoneX Media Market Analyst Matt Simpson explains how weak jobs data, souring sentiment and hawkish RBA minutes are weighing on the Aussie. Australian unemployment has climbed above the Reserve Bank of Australia's own forecast as NAB business sentiment and Westpac consumer sentiment sour. Money markets have lowered expectations for another RBA rate hike, yet hawkish minutes warn inflation is not just an energy story, putting the next Australian CPI release in focus. AUD/NZD, GBP/AUD and AUD/USD charts round out the picture. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_matt_simpson&utm_content=share 00:00 - Aussie Dollar Bears in Control 00:20 - Australian Unemployment Spikes 01:00 - Hawkish RBA Meets Gloomy Polls 02:02 - All Eyes on Australian CPI 03:04 - Aussie Crosses Lean Bearish 03:49 - AUD/NZD Trend Finally Cracks Like and subscribe for more financial market insights. #StoneX #AUD #MattSimpson #RBA #Forex --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social