During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
AUD/USD sags on dismal data
On Wednesday, the Australian dollar went down versus its American rival following the publication of dismal Australian data. Meanwhile, the New Zealand dollar didn’t change because market sentiment on the US currency was still fragile.
The currency pair AUD/USD edged down 0.59% hitting a five-month minimum of 0.7586.
A bit earlier Wednesday, the Australian Bureau of Statistics informed that wage prices climbed 0.5% during the third quarter, confounding hopes for a leap of 0.7%.
Year-over-year, wage prices tacked on 2% for the last quarter versus expectations for a 2.2% increase.
The currency pair NZD/USD was intact, demonstrating an outcome of 0.6876.
Meanwhile, uncertainty over the fate of a key American tax overhaul kept putting pressure on the US currency notwithstanding the previous session's positive inflation report.
Tuesday’s data disclosed that in October US producer prices inched up by 0.4%, exceeding hopes for a 0.1% leap.
Australia will release the level of employment change and unemployment rate on June 13, at 4:30 MT time.
The level of non-farm payrolls, also known as non-farm employment change or NFP will be out on June 7, at 15:30 MT time.
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