• Australian PM Albanese: No wage price spiral in Australia

Market news

9 June 2023

Australian PM Albanese: No wage price spiral in Australia

Australian Prime Minister Anthony Albanese said in an interview on Friday, there is no wage-price spiral in the country.

Albanese noted: "There isn't one and there hasn't been one for a long period of time.”

Market reaction

AUD/USD was last seen trading at 0.6703, down 0.21% on the day.

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