Australian consumer sentiment improved in June

Note: This section contains information in English only.
Source: Forexfactory
Australian consumer confidence improved in June, despite recent interest rate reduction. The Westpac/Melbourne Institute Consumer Sentiment Index posted an increase of 0.3%, approaching 95.6 points this month. The data is disappointing as the RBA cut the cash rate by 25 bps in June while consumer confidence still remains low, said Bill Evans, Westpack chief economist. People were probably influenced by general economic state of the country as well as global fiscal uncertainty, he added.


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Wed, 13 Jun 2012 11:50:42 GMT

Gold flat ahead of Greece's elections

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Wed, 13 Jun 2012 17:39:42 GMT

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