Aussie Under Pressure from Wage Inflation Miss, Chinese News

May 15,2019 21:17   Source:Earnforex
The Australian dollar was under pressure today from the wage inflation miss. News from China did not do the currency any favors either. The Australian Bureau of Statistics reported that the Wage Price Index rose 0.5% in the March quarter from the previous three months, the same as in the December quarter. Economists had promised a bit bigger inflation of 0.6%. The Westpac-Melbourne Institute Index of Consumer Sentiment rose 0.6% in May. That […]

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