ICYMI, Australian data on wages is covered here:ForexLive Asia-Pacific FX news wrap: China plans to buy 'millions of unsold homes'and here:Australia data - Wage Price Index for Q1 2024: +0.8% q/q (expected +0.9%)Analyst responses suggest the RBA will not be unhappy with the data. Rapid growth in wages can be inflationary, and lead to interest rate rises, but Australia appears to have passed that stage.ANZ:data suggest annual wage growth peaked last quarterAustralia is unlikely to record the elongated peaks seen in some other economieswe don’t think that will be enough to shift the RBA’s thinking, and still see the cash rate on hold at 4.35% until NovemberWestpac:In the May Statement on Monet
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