AUD/USD flows: Wage Growth Bangs In

Australian Q4 Wage Price Index bangs in estimate at 3.4% y/y. It continues to point towards solid wage growth, but given the current red hot inflation number, it may not be enough to support real wage development. The broader risk mood is still undecided and see the Aussie succumbed to stronger USD.

AUD/USD is trading 0.29% lower at 0.7065.