Australian economy: business confidence up, conditions down

16/02/2010 | 00:39 GMT

The NAB Australian business confidence index rose to +15 in December from +8 the previous month but the business conditions index fell to +3 from +10. The AUD/USD is starting to slip a little as the market digests the RBA minutes. I’m talking my book a little but the market smells a bit long to me.

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