AUD/USD Falls to Five-Month Low
AUD/USD dips to a five-month low over weaker than expected employment figures
Arslan Butt•Thursday, May 16, 2019•1 min read

[[AUD/USD]] dips to a five-month low over weaker than expected employment figures, increasing the likelihood of RBA cutting interest rates. Investors have started pricing in a rate cut by the central bank in July, while the reigning trade war sentiments in the market too have contributed to weakening the Aussie.
The Australian unemployment rate touched 5.2%, the highest in eight months. Elections also loom in Australia, adding to the volatility and giving the Australian dollar a tough time. Economists expect the RBA to cut rates by 0.25% and bring down the interest rate to 1.25% latest by August.
At the time of writing, AUD/USD is trading at 0.692.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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