Australia: Moderation in wage pressures – BBH

Sandeep Kanihama FXStreet Contributor

Australian wage pressure was more moderate than expected, rising 0.5% in Q3, the same as in Q2 even as economists were looking for a larger increase, explains the research team at BBH.

Key Quotes

“The Australian dropped half around half a cent on the disappointment. It was sold through $0.7600 to trade at four-month lows. The next target is near $0.7530. Mining, gas, and water employees saw weak wage increases, while the hospitality, food and public workers saw better wage growth.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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