The disappointing Australian labour market report is here:
Yields on Australian government bonds have fallen (10 yer down around 10 basis points).
AUD/USD is circa 0.6489 from around 0.6500 just prior to the release.
Head of Financial Markets Strategy, Westpac on rate cut pricing:
The current Reserve Bank of Australia cash rate is 4.35%. Sop based on that pricing above the first 25bp rate cut is priced now for September.
