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The ASX 200 eased losses after December quarter wage data showed moderate pay growth. The Australian dollar slipped to about 68.28 US cents, and US equities fell sharply in the same session.
Moderate wage growth eases pressure on the RBA to hike, which weighs on the Aussie dollar; the market wrap itself carries little direct feed-commodity impact.
abc.net.auE By Emilia TerzonFeb 21, 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.
