Published: 2024-08-13T05:27:22.000Z
AUD/USD flows: Wage Steadies
FX Analyst
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Australia Q2 wage price index +0.8% m/m and +4.1% y/y
The Q2 Australian wage shows no sign of further acceleration and should lead to cooler CPI in the coming quarters. The RBA has pushed back rate cut expectation on stronger than forecast CPI, such wage growth may affect their thinking in the coming meetings.
AUD/USD is trading 0.09% higher at 0.6592.