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The Australian Dollar eased today after finding support on Monday as the market digests RBA meeting minutes and ahead of the Wages Price Index this week. Is the trend intact for AUD/USD?
workers in the economy to do the jobs that are required. so that is giving workers a lot of bargaining power within negotiations and it is prompting them to be more emboldened and ask for higher wages from their employers. the difficult thing here, if employers were to grant higher wages that could potentially turn into even higher prices as visitors try to pass on those costs. businesses. and this can add to the inflationary pressures over time. inflation is the biggest economic problem we are facing right now. the chancellor is saying in order to get the economy on track inflation needs to be more than half of next year. on the point of a wage price spiral you allude to, it is interesting talking to various economists because some will say wages increasing is not as inflationary as others. where are you on that point? do you think the sort of increases
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