Australian January consumer confidence -0.7% m/m to 92.1
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 month
- USD 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.
