Aussie to remain well supported for the time being – Commerzbank

The Australian Dollar has been on a bit of a rollercoaster ride in recent weeks. Economists at Commerzbank analyze Aussie outlook ahead of the Australian Employment report.

Downside surprise needed for the market to question the expected further rate hike

With the RBA focusing more on inflation last week, which surprised to the upside last month, the labor market would likely have to surprise to the downside for the market to question the expected further rate hike. 

We expect the Aussie to remain well-supported for the time being.