Australia Westpac Consumer Confidence for January 2024
-0.7% m/m
The index drops to 92.1
prior 92.8This 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 storyThe USD is weaker on this catalyst. AUD/USD higher, for example:
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