Aussie should benefit further if monthly inflation figures turn out higher than expected – Commerzbank

Economists at Commerzbank analyze AUD outlook following Australia’s labour market data.

Australian labor market more robust than expected

The Australian labor market figures have confirmed our assumption that the Australian data have recently not been as bad as it looked at first glance.

Another rate hike in November is now not all that unlikely, should the labor market remain tight and inflation continues to stay above target. 

If the monthly inflation figures, which will be published at the end of September, also turn out higher than expected, the Aussie should therefore benefit further.