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AUSSIE 3-YEAR TECHS

(U1) Holding Onto Gains

USDCAD TECHS

Lower And Through Support

US TSYS SUMMARY

Risk Appetite Resumes

AUDUSD TECHS

In A Range

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Regular pay rose by an annual rate of 5.6% in the three months to April (up from 4.3% in Q1), the biggest increase on record, with earnings flattered by easy 2020 comparisons, when the effects of the pandemic first wreaked havoc with the economy. Total earnings also increased by 5.6% (boosted by an 8.4% surge in the month of April), the biggest rise since March 2007, the Office for National Statistics said.

Bonuses increased by 9.0% in the latest three months, and by 32.1% in April, amid reports of signing-on incentives in certain areas of the economy. Real regular earnings increased by a record high of 4.4% from 3.3% in Q1, while real nominal earnings increased by 4.4%, the biggest rise since April of 2001. Approximately 1.5% of earnings growth is due to the compositional effect of earnings, with job growth over the spring concentrated in higher-paid roles.