Australia Westpac August Consumer Confidence

  • - 2.5% m/m (prior 3.7%)
  • Index at 96.6 (prior 99.1)

AUD/USD now at 1.0478/82.

The fall is the most in five years as concerns about the slow growth in China and the European debt crisis continues . Also being cited is the fact that the RBA will probably not cut the cash rate at their September meeting .

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