Australia: Any upside surprise on wage data to offer some support to AUD – ING AUDUSD Australia RBA Banks
Economists at ING are keeping a close eye on AUD this week. The Aussie could rise if wage data surprise to the upside.“The Reserve Bank of Australia minutes opened the door to more tightening if necessary, and tomorrow we’ll see the first quarter wagein Australia, which is expected to rise from 3.3% to 3.6% YoY. Any upside surprise may prompt some bets on further tightening by the RBA, and offer some support to AUD: at the moment, markets are not expecting any more hikes.
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