The focus for the Australian dollar and New Zealand dollar next week will be how expectations for an RBA rate hike respond to the release of Australia's wage index and employment data. The minutes of the monetary policy meeting are scheduled for release on 17 November, the wage index on 18 November, and employment data on 19 November.
A feature covering next week's key economic indicators and outlook, focusing on the Australian dollar/yen and New Zealand dollar/yen, will be released in video format. Developments in Australia's wage index and employment data could influence market views on RBA monetary policy.
The minutes of the RBA's Australian monetary policy meeting are scheduled for release on 17 November and could provide information for the market's policy assessment. The minutes are expected to contain indications regarding policy engagement and expectations for future rate hikes.
Australia's wage index for the July-September quarter will be released on 18 November. Strong wage growth could indicate that upward pressure on prices is being sustained. The currency market's reaction will therefore be closely watched.
Australia's employment data for October will be released on 19 November. As resilience in employment trends could be related to the sustainability of wage growth, it could affect the outlook for RBA rate hikes.