- Australian Employment Preview: Aussie could come under pressure on another negative surprise – Commerzbank
Market news
15 November 2023
Australian Employment Preview: Aussie could come under pressure on another negative surprise – Commerzbank
The Australian labour market figures for October will be released on Thursday. Economists at Commerzbank analyze AUD outlook ahead of the employment report.
Do not over-interpret Australian labour market figures
Employment figures should not be over-interpreted.
In the short term, the Aussie could come under pressure again if there is another negative surprise.
In the medium term, however, other issues are likely to become relevant again, such as the stubbornly persistent inflation and the still robust real economy.
See – Australian Employment Preview: Positive data could add fuel to the AUD/USD rally
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