# Australian Dollar Bruised as Softer Wages Query RBA Cash Rate Outlook

> 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.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/37590-australian-dollar-bruised-as-softer-wages-query-rba-cash-rate-outlook
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Softer wage data reduces expectations for further RBA rate hikes, weakening the Aussie and marginally supporting dollar-denominated commodity prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/18229-australian-dollar-bruised-after-softer-wages-dent-rba-rate-pricing

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