May 15, 2013
Forex Flash: AUD – Inflation pressures subdued - TD Securities
FXstreet.com (London) - Alvin Pontoh at TD Securities research team notes that wages in Auatralia rose by a less-than-expected +0.7% in Q1 (consensus +0.8%), easing the y/y pace to 3.2% from 3.3%, the slowest pace since mid-2010. He said that overall, a low outcome confirms that wages are helping keep inflation pressures subdued. Separately, car sales fell –1.6% in April, the fourth consecutive decline, easing the y/y pace to +3.3% y/y from +4.5%.