The unemployment rate is expected to increase slightly to 5.3% when the data is released a little later this morning.
Demand for Australian assets, both real and financial, remains very strong so big dips will find plenty of buyers. Nevertheless, the market is long and if risk sentiment is undermined by happenings in Greece, then we can expect occasional sell-offs. The short-term range is pretty clear between 1.0625/1.0850 and we’ve been stuck in there for two weeks now. EUR/AUD is looking to test recent record lows at 1.2125.