HSBC on the 'key pinch point' for the Reserve Bank of Australia - ConsultFX

HSBC on the 'key pinch point' for the Reserve Bank of Australia

HSBC on the Australian dollar and the RBA minutes (December meeting, out yesterday) That's from an overnight note from the bank (bolding mine). HSBC hitting the nail on the head here (mixed metaphors mine also). We've been going on and on about slow wage growth for months now. The point is its impact on consumer spending Copyright 2015 Forexlive.com