AUD should gain further if monthly inflation data comes in higher than expected

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Australia job market stronger than expected

Australian job market data confirms our expectations that Australia’s recent numbers are not as bad as they first appeared.

If the labor market continues to remain tight and inflation continues to remain above target, the Reserve Bank of Australia may raise interest rates again in November.

The Australian dollar will benefit further if monthly inflation data is also released at the end of September that is higher than expected.