A rising Australian dollar should protect motorists against any nasty surprises at the pump, according to the latest research by CommSec.

With the Australian dollar staring down US80 cents for the first time in more than two years, a resurgent local currency can act as a buffer between Aussie motorists and a volatile global oil market, according to CommSec analyst Savanth Sebastian.

The dollar began its upward spiral early last week after the RBA let slip comments deemed rate-rise hawkish, and from its current position - hovering around US79 cents - is likely to absorb the potential impact of any sudden hikes across global energy markets.

To read more, please Login or Register below

Problems, questions, feedback? Please call +61 8 9288 2100