Australian Westpac Consumer Confidence for June 2025 rises 0.5% m/m to 92.6 (below 100 means pessimists outnumber optimists)
May was down 2.2% to 92.1for the y/y its +10.8%
WPAC summary:
Lower inflation and interest rate cuts are clear positives.
But slow growth and trade disputes abroad weighing on the consumer mood.
Promising lift in buying intentions as cost-of-living squeeze eases.
Risk aversion intensifies despite positive expectations for house prices.
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AUD update, not a lot of movement so far for the session:
This article was written by Eamonn Sheridan at www.forexlive.com.