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Australian data - ANZ-Roy Morgan consumer confidence index 78.2 (prior 76.4)

Australian Weekly ANZ Roy Morgan Consumer Confidence survey remains very weak. Eyes are on the CPI data due tomorrow from Australia:AUD traders - NAB says CPI data to be higher than RBA expects, forecast November rate hikeIn the weekly survey there is a question on consumers expect for inflation ahead:in this week's survey inflation expectations jumped by 0.4% to 5.7%, the highest since June of this yearThere is a persistent recency bias in this survey. Petrol (gasoline) prices surged helping ex... Read More

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Posted: Oct 23 2023, 22:56

Author Name: forexlive

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