AUD tests under 0.7600 after the miss on Q3 wages data

Data is here: Australia - Q3 Wage Price Index 0.5% q/q (exp 0.7%) That 0.7% expected was on both the Bloomberg and Reuters poll ... so disappointment is widespread. The point about slow wage growth is it is holding back spending and thus economic growth. Combine that with high levels of household debt and now Sydney