The Australian labor market just defied expectations, and traders everywhere are wondering what’s next for the Aussie Dollar. Will the Reserve Bank of Australia maintain its hawkish stance in December with another hold?
With unemployment steady at an elevated 4.3%, full-time jobs surging, and inflation proving stickier than forecast, AUD/NZD is looking primed for further gains. Dive in as we break down what’s moving the currency, what newbie traders should watch out for, and potential strategies to consider.
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