ANZ share price dips after Suncorp job cuts row as rate bets build into CPI week
ANZ shares fell 0.5% to A$36.21 Friday as union opposition to Suncorp Bank job cuts heightened political scrutiny of the merger. The Finance Sector Union said 66 staff face layoffs, mostly in Brisbane. Traders shifted focus to upcoming inflation data and the Reserve Bank of Australia’s February rate decision. The Australian dollar hit a 15-month high after strong jobs data.