Australian weekly consumer confidence survey up a touch to 82.9<p>The weekly survey from ANZ-Roy Morgan for Australian Consumer Confidence.</p><p>Comes in at 82.9</p><ul><li>prior 82.7</li></ul><p>ANZ comment:</p><ul><li>This is the first time confidence has improved in the same week the RBA hiked the cash rate, in this tightening cycle; perhaps a sign that households expect a pause soon.</li></ul><p>---</p><p>I'd be wary of accepting that ANZ explanation. I think that as market participants we sometimes fall into the trap of thinking that most folks out there (participants in this weekly survey, for example) have such nuanced views. </p>
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Australian weekly consumer confidence survey up a touch to 82.9 (https://www.forexlive.com/news/australian-weekly-consumer-confidence-survey-up-a-touch-to-829-20221212/https://www.forexlive.com/news/australian-weekly-consumer-confidence-survey-up-a-touch-to-829-20221212/)
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