Australian weekly consumer sentiment survey remains very weak ...Middle East

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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