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MACRO REPORT
AUD/USD trades around 0.6485 after the release of downbeat Australian Employment data on Thursday. However, the pair managed to gain some ground, supported by improved risk appetite in the market.
AUD found some upward momentum as optimistic corporate outlook, leading to gains in the equity markets shadows concerns about inflation and interest rates. RBA Governor Michele Bullock, address inflation and notes the RBA is in a good position to get inflation back to target in a reasonable amount of time.
Looking ahead The US is scheduled to release a series of economic data to finish the week, including US retail sales, unemployment claims and PPI, to keep market participants entertained.
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