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AUD & Bond Yields Lower Post Q1 Wages

AUSTRALIA DATA

AUD/USD is lower post the Q1 wages print, back to 0.6650, we were closer to 0.6660 ahead of the print. 3yr bond yields also ticked lower, getting just under 3.14%, but we now sit slightly higher, last 3.145% (prior to the print we were 3.165%). The wages print missed in q/q terms, at 0.8% (0.9%) forecast, but some offset should come from the better y/y number 3.7% (3.6% forecast), while the prior was also revised higher to 3.4% y/y, from 3.3%.

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