Published at 03:24 (GMT) 25 Feb
Aust Q4 Wage Price index +0.6%q/q, +2.5%y/y, both in line with expectations. Lowest y/y increase since 1998.
Q4 Construction work done -0.2%q/q vs -1.2%.
On FX, more positive contruction work data, while wage price index remains low, with the lowest y/y wage price increase since 1998. Or lowest in 17-years - an area of concern for RBA. AUD/USD managed to squeeze up to 1-month highs of 0.7866, highest since Jan 29 0,7905, as stoploss hit above 0.7850-55 on funds, stoploss buying. More offers ahead of 0.7880-00. Bids at 0.7800-20.
AUD/SGD up at 1.0650-60, on firmer AUD. Still in range around 1.03-1.08 for now. Resistance at 1.0750/1.0800. Support at 1.05 lows. USD/SGD at 1.3563-65, down on broadly lower USD after Fed Yellen comments - taken as dovish. Even as she signals Fed is on path to hike rates. Offers at 1.3580-00, bids at 1.3500-20.
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