Australian household spending +0.4% m/m in November (expected +0.7%)

Australian household spending in November 2024:

+0.4% m/m

• expected +0.7%, prior +0.8%

+2.4% y/y

• expected +2.5%, prior +2.8%

Both m/m and y/y have missed.

Earlier:

• Potential Interest Rate Cut in Australia: Analysts Divided

AUD/USD little changed on the session so far;