Australian weekly consumer confidence survey fell to 87.1 (prior 87.5)

Comments from ANZ on the ANZ Roy Morgan Consumer Confidence index for Australia:

• maintained most of its new year gains, falling just 0.4pts.
• Confidence about household finances over the next 12mths has jumped 7.8pts since the end of 2024

This data tends not to be AUD mover.

AUD/USD is higher on the gradual tariff plan news:

• Trump's tariff team studying gradual hikes of 2 to 5% per month
• USD losing ground on the 'gradual' tariff story