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Feb 21 - 07:55 AM

AUD/USD - Supported By Hotter Than Expected Aussie Pay Growth

By Rob Howard  —  Feb 21 - 06:15 AM
  • AUD/USD has respected its 0.6548-0.6572 Asia range since the European open

  • 0.6572 is seven pips shy of Tuesday's peak (highest level since Feb 2)

  • Tuesday's rise was influenced by cautiously hawkish RBA and yuan gains

  • Australia Q4 annual pay growth 4.2% vs 4.1% forecast, highest since 2009

  • Iron ore falls further (iron ore is Australia's biggest export earner)

  • Australia loses out as Chinese tourists flock to Southeast Asia nL2N3F60A1

Source:
Refinitiv IFR Research/Market Commentary

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