- Fed cut interest rates by 50 bps, signaling further cuts due to labor market concerns.
- Traders anticipate 75 bps of rate cuts in November and December, with a 43% probability of a 50 bps cut in November.
- Australian Dollar remains firm on strong employment data, dampening expectations for RBA rate cuts.
- Australia's August employment report showed a gain of 47.5K jobs, exceeding estimates and supporting the currency.
- China's PBoC left interest rates unchanged with no significant impact on AUD/USD.
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