Commerzbank: Soft Australian Data Support No-Hike RBA View
Commerzbank analyst Volkmar Baur says recent Australian labor market and inflation data provided little momentum for the AUD and support the view that the RBA is unlikely to hike rates again.
AUDUSD
Commerzbank's Volkmar Baur commented on the Australian Dollar following the release of recent economic data.
He noted that the labor market and inflation figures offered little new momentum for the AUD, reinforcing the prevailing view that the Reserve Bank of Australia is unlikely to raise interest rates further.
This outlook weighs on the currency, as markets continue to price in a prolonged pause from the RBA.
Source: FXStreet Forex News