Daytrading Feb 25 Morning, page-220

economic data

Two sets of economic data are out: the wage price index and construction work done, both for the fourth quarter.
Wages grew 0.6 per cent over the quarter and at a very soft 2.5 per cent for the year, the lowest on record. But it came in as expected by economists.
Meanwhile, construction work done fell by just 0.2 per cent in the fourth quarter, less than the previous quarter's slide of 2.2 per cent and below expectations of a 1 per cent drop.
Just minutes before the data was released, the dollar spiked to 78.63 US cents, its highest since early February. It dropped slightly on the data and is currently fetching 78.54 US cents.


Read more: http://www.smh.com.au/business/mark...0-from-afar-20150225-3qxb5.html#ixzz3SiUrJlEC