Australia: Moderation in wage pressures - BBH

Australian wage pressure was more moderate than expected, rising 0.5% in Q3, the same as in BBH.

Key Quotes

"The Australian dropped half around half a cent on the disappointment. It was sold through $ 0.7600 to trade at four-month lows. The next target is near $ 0.7530. Mining, gas, and water employees saw weak wage increases, while the hospitality, food and public workers saw better wage growth. "

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