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The Australian dollar fell after the Wage Price Index rose 0.8% quarter on quarter in Q4, below the consensus of 1.0%. Annual wage growth reached 3.3%, the highest in a decade but below the RBA's forecast.
Softer wage data reduces expectations for further RBA rate hikes, weakening the Aussie and marginally supporting dollar-denominated commodity prices.
poundsterlinglive.comJames SkinnerFeb 22, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
