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