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16 Oct 2026 · 02:26 GMT+3

Australian Dollar crumbles as job losses shatter RBA rate hike hopes

The Aussie Dollar collapsed against the US Dollar, and most G7 currencies after a dismal jobs report in Australia cemented the case that the Reserve Bank of Australia (RBA) will not hike rates this year or in 2027, with money markets pricing in no rate hikes.

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