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by ForexNewsNow Team on August 17, 2010

Australia wage price index climbs 0.8% in second quarter

NEW YORK (Forex News Now) – Total hourly rates of pay in Australia rose slightly less than forecast in the second quarter, official data showed on Wednesday in one of the day’s major FX news events.

The Australian Bureau of Statistics said its Wage Price Index, which excludes bonuses, rose 0.8 percent during the quarter from a quarter earlier, after growth of 0.9 percent in the January-March period.

Analysts had expected an increase of 0.9 percent in the second quarter, two major forex news outlets reported.

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