It is a relatively busy Wednesday for the AUD/USD and NZD/USD. Following the RBA-induced slump in consumer confidence, the market focus will turn to Australian wage growth. Wage growth is a focal point for the RBA, which remains committed to bringing inflation to target. A pickup in wage growth would offset the effect of higher interest rates on disposable income and demand. Economists forecast wages to increase by 0.9% in Q1 versus 0.8% in Q4. Year-over-year, economists expect wages to rise by 3.6% versus 3.3% in Q4. Hotter-than-expected wage growth numbers would pressure the RBA to maintain a hawkish policy ... (full story)