Australia July Westpac-Melbourne Institute Consumer Confidence 93.1
up from June’s 92.6
WPAC comments, in summary:
optimism remained muted after the Reserve Bank unexpectedly held interest rates steady at 3.85%sentiment was stronger before the RBA decision but dipped afterward, reflecting lingering cautionviews on family finances improvedlonger-term economic confidence softenedwillingness to make major purchases fell — suggesting consumers remain cautiously pessimistic overall
No rate cut at the last RBA meeting vs. widely expected. Maybe next time!
This article was written by Eamonn Sheridan at www.forexlive.com.