Finally, a ray of sunshine peeking through that swirling mass of storm clouds. Make that two shafts of gold.
On Thursday, the jobless figures weren't all that bad. Not great, but not awful. Unemployment dropped from 5.3 per cent to 5.2 per cent.
And the following day, Reserve Bank of Australia (RBA) kahuna Philip Lowe dumped a bucket on anyone entertaining any notion that we'd get a fourth rate cut next Tuesday.
An upbeat Dr Lowe declared to an International Monetary Fund (IMF) gathering in Washington that more cuts might be necessary but "I wouldn't assume it".
As for negative interest rates, the prospect was "extraordinarily unlikely".
"I think it's quite probable that we'll see a return to trend growth over the next year, which will be good … which will help get the unemployment rate down and gradually wages will pick up," he said.
But are we really through the worst of it? Trigger happy currency traders took heart. The Aussie dollar jumped nearly 1 per cent on the strength of the governor's remarks.
