Brown Brothers Harriman’s (BBH) Elias Haddad reports the Australian Dollar is underperforming as bond yields fall after Q2 wage growth matched expectations. Haddad argues this outcome will keep the RBA on hold, with private sector wage gains at a four‑year low. Futures still price a possible final hike, but he sees risks skewed toward an extended pause despite supportive carry and commodity exposure.
AUD pressured as wage data cools
“AUD is underperforming across the board, and Australian bond yields are lower. Australia Q2 wage growth matched consensus and will keep the RBA sidelined.”
“Wages rose 0.8% q/q for a third straight quarter to be…
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