Australia jobs preview: Divergence on whether June's hiring surge holds
A soft jobs print would reinforce the Reserve Bank of Australia's view that the labour market is gradually cooling, supporting the case for a pause or a slower pace of further rate hikes and likely weighing on the Australian dollar. A stronger-than-expected outcome, closer to Westpac's forecast, would complicate that narrative and could see markets price in a higher chance of further tightening.
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