The Australian dollar and Australian bond yields rose. Previously released Australian employment data showed that the labor market was resilient, weakening bets on interest rate cuts against the Reserve Bank of Australia. AUD/USD rose 0.4% to 0.6693; reported 0.6668 before data release. The yield on 3-year Australian Treasury bonds once rose 8 basis points to 3.84%, the highest level since July 31; it was 3.74% before the data was released. Traders cut expectations that the Reserve Bank of Australia will cut interest rates by the end of February next year, and the probability reflected by the swap market dropped to 74%.

The Australian dollar and Australian bond yields rose. Previously released Australian employment data showed that the labor market was resilient, weakening bets on interest rate cuts against the Reserve Bank of Australia. AUD/USD rose 0.4% to 0.6693; reported 0.6668 before data release. The yield on 3-year Australian Treasury bonds once rose 8 basis points to 3.84%, the highest level since July 31; it was 3.74% before the data was released. Traders cut expectations that the Reserve Bank of Australia will cut interest rates by the end of February next year, and the probability reflected by the swap market dropped to 74%.