The wage price index (WPI) released by Australian authorities overnight has not changed the chronic weakness in the labour force, analysts at ANZ Research inform. AUD/USD is being exchanged at 0.6695. Key quotes “The wage price index (WPI) rose by 0.5%q/q for the third consecutive quarter in Q4 2019, keeping annual growth at 2.2%.” “The persistent feebleness in wage growth reflects higher labour market underutilisation during the year and is consistent with the enterprise bargaining agreement data,which show that the average annual wage increase for all current agreements is now at a record low of 2.6%.” “The RBA expects wage growth to remain around 2.2-2.3% y/y until at least mid-2022, given that the unemployment rate is not expected to fall below the estimated NAIRU of 4.5% during that period.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EOS Price Analysis: EOS/USD recovery capped by SMA100 FX Street 2 years The wage price index (WPI) released by Australian authorities overnight has not changed the chronic weakness in the labour force, analysts at ANZ Research inform. AUD/USD is being exchanged at 0.6695. Key quotes “The wage price index (WPI) rose by 0.5%q/q for the third consecutive quarter in Q4 2019, keeping annual growth at 2.2%.” “The persistent feebleness in wage growth reflects higher labour market underutilisation during the year and is consistent with the enterprise bargaining agreement data,which show that the average annual wage increase for all current agreements is now at a record low of 2.6%.” “The RBA expects wage… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
