Up 0.3% on the week to 80.5, well under the 100 neutral level. Pessimists firmly outnumber optimists.
ANZ note:
- Overall confidence is very weak.
- The series has been below neutral for over 2yrs.
- Inflation expectations rose 0.1pts to 5.0%
Earlier re Australia:
- Here’s a forecast for two more Reserve Bank of Australia rate hikes still to come
This article was written by Eamonn Sheridan at www.forexlive.com.
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