AUD: Labor data offsets rising risks – Commerzbank

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Commerzbank’s Volkmar Baur writes that the Australian Dollar is supported by resilient labor market data, with unemployment steady at 4.3% and 18,000 jobs added in March. However, sentiment indicators have weakened, inflation expectations have risen, and refinery disruptions raise supply risks.

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/ The Australian Dollar is supported by strong labor market data, with unemployment steady at 4.3% and 18,000 jobs added in March.
/ Weakened sentiment indicators and rising inflation expectations pose potential risks.
/ Refinery disruptions add to supply risks, increasing overall economic uncertainty.

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AUD: Labor data offsets rising risks – Commerzbank

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