Australian January consumer confidence -0.7% m/m to 92.1 ...Middle East

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Australian January consumer confidence -0.7% m/m to 92.1
source : forex live ( Middle East ) () 40

Australia Westpac Consumer Confidence for January 2024

-0.7% m/m

    prior –2.0%

    The index drops to 92.1

    prior 92.8

    This is a monthly report. We had the weekly confidence data earlier, dropping also:

    Australian weekly consumer confidence survey fell to 87.1 (prior 87.5)

    The big news, moving markets, is not this data, it's the 'gradual' tariff plan news:

    Trump's tariff team studying gradual hikes of 2 to 5% per monthUSD losing ground on the 'gradual' tariff story

    The USD is weaker on this catalyst. AUD/USD higher, for example:

    This article was written by Eamonn Sheridan at www.forexlive.com.

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