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Australian wages and jobs data could hold key to future rate cuts

From xm.com

Labour market indicators will be watched out of Australia next week as the closely watched data could provide clues as to whether or not the Reserve Bank of Australia will lower rates again in the coming months. The quarterly wage price index is released on Wednesday at 0030 GMT and employment numbers will follow at the same time on Thursday. Although investors have priced out further aggressive easing, the RBA remains glum about wage and inflation prospects, leaving the door wide open to additional cuts. In the meantime, the Australian dollar is benefiting from the increased trade optimism to recover from 10-year ... (full story)

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  • Category: Fundamental Analysis