Australian January shopper confidence -Zero.7% m/m to 92.1

Australia Westpac Client Confidence for January 2024

-Zero.7% m/m

• prior –2.Zero%

The index drops to 92.1

• prior 92.eight

It is a month-to-month report. We had the weekly confidence knowledge earlier, dropping additionally:

• Australian weekly shopper confidence survey fell to 87.1 (prior 87.5)

The massive information, shifting markets, isn’t this knowledge, it is the ‘gradual’ tariff plan information:

• Trump’s tariff crew finding out gradual hikes of two to five% per thirty days
• USD dropping floor on the ‘gradual’ tariff story

The USD is weaker on this catalyst. AUD/USD greater, for instance:

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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