Australian wages info (decision to hike the minimum wage) is due at 0000 GMT

Australia's Fair Work Commission is publishing its decision at 10am Sydney time (0000 GMT).

• Trade unions are after a 5.5% rise
• Australian Chamber of Commerce and Industry is looking around circa +3%

Regardless it'll be a real wage cut given Reserve Bank of Australia Governor Lowe is looking for inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term at 7%. Lowe spoke Tuesday evening:

• RBA's Lowe: Australians need to be prepared for higher interest rates