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US stocks are declining as earnings and economic evidence suggest wage growth is still too high and will keep inflation sticky. Earnings alone are dragging
China's GDP hit 4.5% as China has abandoned its zero-Covid policy. The RBA minutes noted that the rate pause was conditional. AUD/USD is up
AUD is steady on Monday after strong volatility late last week. US retail sales decelerated but the likelihood of a May hike have increased
Australian dollar has gained ground as the employment report outperformed. The RBA is still expected to pause at its next meeting
Australia consumer confidence surged and business confidence rose in response to the RBA pause. The US releases CPI on Wednesday