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AUD to USD Forecast: Wage Gains Keep RBA Hawkish, AUD/USD Bullish
On Tuesday, August 13, wage growth figures for Q2 2024 drove buyer demand for the AUD/USD. Wages increased by 4.1% year-on-year in Q2 2024, keeping the same pace as in Q1 2024. Rising wages could boost disposable income and personal spending, possibly fueling demand-driven inflation. The uptick in wages followed warnings from RBA Governor Michele Bullock about the possibility of a rate hike to tame inflation. However, Aussie labor market data, due Thursday, August 15, could be pivotal. Tighter labor market conditions could further support wage growth and drive consumer spending. A more hawkish RBA rate path could ... (full story)
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- Posted: Aug 14, 2024 1:00am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,346
