The Aussie
Dollar slipped lower yesterday at 11.30am on the news that wages growth in
Australia is at the lowest pace in 16 years. Lower wages growth is likely
to keep inflation low and could impact the RBA's thoughts later this year
regarding interest rates if the unemployment level keeps going higher and
higher. I am now calling for at another interest rate cut in 2014 and the
wages index figure Wednesday only backs up these thoughts. I am not a
doomsayer, I am a realist but the Australian economy is nowhere near the
improved position some analysts say it is.
See more from the LTG GoldRock Team on http://www.LTGGoldRock.TV
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