EFTA Document EFTA01451142

9 January 2014 FX Blueprint: Thin end of the wedge with our own view. That said, the Australian rates market has a tendency to sell off considerably once it becomes clear than an easing cycle in Australia is over. (Figure 4). As to what might spark such a sell-off; an improvement in the labor market stands as one clear possibility. RBA action - and market pricing for the RBA - is often driven by conditions in the labor market. As Figure 5 shows, our tracking of 11 different monthly ind