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Australia Q2 wage price index +0.8% vs +0.9% expected

  • Prior was +0.8%
  • Wage price index y/y +4.1% vs +4.0% expected
  • Prior was +4.1% y/y

The numbers are a tad cooler than expected, which should continue to tilt the market towards a rate cut. The first one is nearly fully priced now for December.

This article was written by Adam Button at www.forexlive.com.

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