Reuters reports the latest headlines from the Fair Work Commission, Australia’s labor regulator, stating that it has raised the national minimum wage by 3.5 percent from July 1. The increase is almost double the current industry rate but half what unions had lobbied for. Australia’s industrial relations umpire said Reserve Bank of Australia (RBA) research had convinced the commission that “modest and regular minimum wage increases” did not reduce employment levels. RBA Governor Philip Lowe recently said average annual wages needed to rise by 3.5 percent to achieve average inflation of 2.5 percent, the mid-point of the bank’s target. 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 GBP/USD Technical Analysis: Bulls still on the sidelines ahead of US NFP FX Street 5 years Reuters reports the latest headlines from the Fair Work Commission, Australia's labor regulator, stating that it has raised the national minimum wage by 3.5 percent from July 1. The increase is almost double the current industry rate but half what unions had lobbied for. Australia's industrial relations umpire said Reserve Bank of Australia (RBA) research had convinced the commission that "modest and regular minimum wage increases" did not reduce employment levels. RBA Governor Philip Lowe recently said average annual wages needed to rise by 3.5 percent to achieve average inflation of 2.5 percent, the mid-point of the bank's target. 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.
