• AUD/USD shows an increase on Thursday, climbing to 0.6630.
• The RBA maintains its hawkish position, potentially balancing the downside.
• The rising Australian Unemployment Rate could affect the Aussie's performance.

The AUD/USD pair experienced an increase of 0.45% during Thursday's session, settling near 0.6630. Despite the rise in Australia's Unemployment Rate in July, strong labor market figures from the country can potentially support the AUD. In addition, the hawkish stance of the Reserve Bank of Australia (RBA) also has a significant impact on the stability of the Aussie.

Relying on the mixed Australian economic outlook and increasing inflation, the RBA's consistent hawkish position has led the markets to predict only 25 bps of easing for 2024.