Just caught wind of something interesting from Rabobank's analysis on the Australian dollar. Looks like the RBA might keep hiking rates, which is pushing AUD higher. The labor data came in strong again, so traders are basically pricing in another 25bp move within the next few months. That's pretty bullish for the currency. On the flip side, the dollar is still getting tossed around by Middle East sentiment, so we could see some wild swings there. But here's the thing - if the euro keeps weakening against the Australian dollar like Rabobank expects, we might see it dip back toward that March low around 1.6130. Interesting times for currency traders watching this pair.