- Business confidence at -2 (prior -2 revised to -3)
- Gauge of current conditions rose 3 points now at 1 (prior -2)
AUD/USD continues near session highs at 1.0375/79.
Australian business conditions improved slightly last quarter as lower interest rates helped consumer sensitive sectors, while subdued price pressures suggested there was plenty of scope for further stimulus, a survey showed on Thursday.-RTRS
The survey’s main measure of business conditions rose 3 points to stand at 1, to be in line with the long-run average of the series. Measures of sales and profitability improved markedly, but employment intentions remained soft.-RTRS
