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Australian Unemployment Rate Surges Ahead of RBA Meeting

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AUD
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The Reserve Bank of Australia (RBA) is facing a crucial decision on interest rates after unemployment rose to 4.6% in August, exceeding forecasts.

The Australian Bureau of Statistics reported that employment increased by 39,500, beating expectations of a 20,000 rise, while the participation rate ticked up to 67.1%

This data release is the last key indicator before the RBA's upcoming meeting on September 28-29.

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