Wednesday, 08 July 2020
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AUD/USD: No response to Aussie Q4 wage growth data
Wednesday, 19 February 2020 08:10 WIB | CURRENCIES |AUD/USD,Dolar Australia,Dolar AS

AUD/USD has barely moved in response to the Aussie wage growth data for the fourth quarter released by the Australian Bureau of Statistics 00:00 UTC.

The data showed wages growth sticking at 0.5% quarter-on-quarter and 2.2% year-on-year as expected, leaving the AUD/USD unaffected around 0.6692, the level where it was trading before the data was released.

The lackluster market reaction is not surprising, given the fourth quarter wage growth largely reflects the pre-coronavirus period and look outdated.

The focus now is on the labor market data scheduled for release on Friday. the economy is forecasted to have added 10k jobs in January and the jobless rate is expected to have risen slightly to 5.2% from 5.1% previously.

Source : FXstreet

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