OctaFX | OctaFX Forex Broker
Open trading account
Back

Australia: WCI turns the corner, but nothing alarming - TDS

Australia’s Q3 Wage Cost Index rose +0.5%/qtr and +2.0%/yr, less than mkt and TD expectations, so AUD slipped 50pips to $US0.758, explains the research team at TDS.

Key Quotes

“Private wage growth picked up from 1.8% to 1.9%/yr, while the public sector remained at 2.4%/yr. Cyclical wages (Manufacturing, Construction and Professionals) rose to 1.82%/yr, the highest in nearly two years.”

“Large increases in minimum wages tends to exacerbate youth un(der)employment, where the underemployment ratio for the 15-24 age bracket is multiples of the prime working age (25-54) bracket.”

Australia: Expect another outsized employment report - TDS

Analysts at TD Securities offer their view on what to expect from the Australian labor market report due at 0030 GMT on Thursday. Key Quotes: “We ex
Read more Previous

US: Building pressures - ANZ

The US October PPI was stronger than expected at +0.4% m/m and 2.8% y/y while the core pace also rose 0.4% m/m, with the annual core rate rising to 2.
Read more Next
Start livechat