Australia March employment data released April 13。Among them, Australia's unemployment rate recorded 3.5%, slightly below expectations, but unchanged from previous values, hovering near 50-year lows。It is worth noting that Australia's employment population recorded 5 in March..30,000, significantly higher than the forecast of 20,000。

After the data was released, the market returned to the interest rate hike track is expected to rise, Australia and the United States short-term higher 0.22%。

In response, market analyst Swati Pandey said that Australia's employment growth in March exceeded expectations for the second consecutive month, highlighting the resilience of the economy and strengthening expectations for another rate hike.。

Last Tuesday, the RBA announced a pause in rate hikes, keeping the policy rate at 3.6% level, becoming the first major developed country central bank to suspend interest rate hikes since the outbreak of the banking crisis.。

RBA Governor Philip Lowe (Philip Lowe) has said the RBA will closely monitor data on inflation, employment, consumer spending and business surveys before deciding to raise interest rates further。

Sources note that most economists expect the RBA to raise interest rates at least once more this year, raising the official rate to 3.85%, and even some economists expect interest rates to exceed 4% this year。

In addition, lower-than-expected Fed CPI data also boosted Australia and the U.S.。According to data released by the U.S. Department of Labor on the evening of April 12, the U.S. non-quarterly CPI recorded an annual rate of 5% in March, lower than the expected 5.2% and previous value 6.00%。Data show that U.S. inflation growth slowed in March, Fed rate hike expectations weakened, non-U.S. currencies collectively higher。

The Australian government's proven efforts to fight inflation have also stimulated the Australian dollar to some extent.。

Australian Finance Minister James Chalmers has repeatedly said he will increase revenue ahead of the May 9 Budget to narrow the deficit and avoid further inflationary growth.。He also previously said that while the Australian economy is likely to decline, it is not expected to fall into recession.。

The strong performance of the labour market is also a key factor in the RBA's belief that Australia can avoid a recession.。According to the RBA's forecast, Australia's unemployment rate will remain at 3% by mid-2023..5% -3.About 6%。

For the Australian-American outperformance, TD Securities said the agency has added a long position in the Australian dollar to its model portfolio.。TD also said that good US inflation data could provide additional firepower for the dollar to continue its decline, while the US economic slowdown is unlikely to drag down the rest of the world in the coming months.。In addition, the Australian dollar is one of the cheapest currencies on TD Securities "Global FX Dashboard," with a higher "beta" to China, and the theme of China's economic recovery should support the Australian dollar.。

Australia, US and Japan up 0 as of press time.32%, currently trading at 0.Near 67313, has erased this week's decline, the day continues to rise。