ASX to fall as rate cut hopes fade further

Andrew HobbsContributor

Updated Apr 19, 2024 – 6.23am, first published at 3.02am

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Australian shares are poised to fall as solid US labour data reinforced bets that interest rates will be higher for longer.

US jobless figures held steady overnight, adding to the week’s positive reports on the health of the world’s biggest economy.

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