# Australian Dollar Stronger Following Aussie Wage Data

> The Australian dollar rose after third-quarter wage growth of 4.0% year-on-year beat expectations, supporting further rate hike bets. The Australian dollar traded near US0.6509 at the time.

- Date: 2023-11-15 · published 2023-11-15T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/33415-australian-dollar-stronger-following-aussie-wage-data
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stronger wage-driven inflation pressure keeps Australian rates elevated, supporting the Aussie against the dollar. The effect on feed commodities is minimal.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/19512-australian-dollar-strengthens-following-aussie-wage-data

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.