Australia will implement a 5.75% hike in the minimum wage starting July 1. Futures trading reflects expectations of Australia’s cash rate reaching 4.1% by August. Market sentiment has strengthened in favor of the Fed pausing in June. Today’s AUD/USD outlook is bullish. An increase in the minimum wage fueled expectations for the RBA to raise … Continued
The post AUD/USD Outlook: RBA Hike Bets Soared by Rise in Min. Wage appeared first on Forex Crunch.
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