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AUD

Aussie Q4 Wage Index

Wages rose in the 4th quarter more than expected, moving the Aussie off weekly lows.

  • Wage Cost Index (QoQ) – Survey:0.8%   Actual:   Prior:0.7%
  • Wage Cost Index (YoY) – Survey:3.4%   Actual:   Prior:3.6%

Released earlier were DEWR Skilled Vacancies for January which fell -0.6% pushing the AUD lower after a seemingly seasonal drop the prior month of -1.1%

RBA Meeting Minutes

  • The RBA kept rates unchanged unexpectedly noting as risks in Europe abated, the RBA added it has scope to ease policy if demand were to ‘weaken materially.’
  • The Aussie continued its move lower following the minutes as the market awaits an announcement out of Brussels.

Aussie Employment Report

The Aussie Employment Report came out much better than expected after an awful one the prior month. The market pushed the AUD higher ~50pips but interestingly enough the rest of the risk market has had a subdued response with Euro and Kiwi moving lower.

  • Employment Change  – Survey:10K   Actual:46.3K   Prior:-29.3K
  • Unemployment Rate – Survey:5.3%   Actual:5.1%   Prior:5.2%
  • Full-Time – Survey:0K   Actual:12.3K   Prior:24.5
  • Part-Time – Survey:7.5K   Actual:34K   Prior:-53.7K
  • Participation Rate – Survey:65.3%   Actual:   Prior:65.2%

Aussie Inflation Expectation (Feb) 2.5% vs 2.8% prior

Lower inflation readings in Australia could prevent the RBA again this month from easing Monetary Policy. Stay tuned for the always important Aussie Employment Report coming soon.

Aussie Business Confidence

In January the Business Conditions and Confidence improved from the prior month, as markets saw renewed asset allocation and risk currencies appreciated. The details of the release are as follows:

  • NAB Business Conditions – Actual:2   Prior:1
  •  NAB Business Confidence – Actual:4   Prior:3

Aussie AIG Performance of Services Index

The Aussie AIG Performance of Services Index in January rose to an expansionary 51.9 from 49 the prior month.

Aussie Trade Balance

The Aussie Trade Balance came in at a larger surplus than expected (1200M) and the prior reading (1380M) at 1709M. The market gained a mild bid on the release, but the session could remain muted as there is a limited amount of new data on the calendar.

 

Aussie Business Confidence

NAB Business Confidence rose from the prior month, coincidentally risk has caught a bid here early in the Asian session.

  • NAB Business Conditions – Actual:1   Prior:1
  • NAB Business Confidence – Actual:3   Prior:2
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