AUD/USD: Australia August jobs seen rebounding, unemployment at 4.5%

The source reports no Australian dollar price move, pip figure or technical levels. Australia's August labour force report is forecast to show employment rebounding, with the unemployment rate expected at 4.5%. The release comes days before the Reserve Bank of Australia's 29 September meeting, where a rate increase is widely expected. A result near or above forecasts would do little to shift near-term pricing for that meeting, but could firm expectations for further tightening in November. A second straight fall in employment, or a jump in unemployment, would challenge the case for a follow-up hike and could weigh on the Australian dollar and short-dated Australian bond yields. For AUD traders, the key question is less the September decision than whether the data support a November move. Upside surprises would reinforce the tightening path, while a weak print could leave the Australian dollar vulnerable heading into the RBA meeting.