Monexnews-terapresiasi Australia Dollar versus other major currencies as consumer confidence surged to the highest level of a 2-year, which erode expectations trimming interest rates by RBA. The Melbourne Institute and Westpac reports showed consumer confidence index surged 7.7% Australia in February to the highest level since December 2010.
"RBA interest rate reduction Opportunities in March has been slightly reduced after the upcoming survey on consumer confidence," said Jonathan Cavenagh, currency analyst of Westpac Banking Corp. in Singapore. "And it has improved short-term outlook Aussie." (vid)
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Title Post: Consumer Confidence Spurred The Aussie Performance
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Rating: 100% based on 99998 ratings. 5 user reviews.
Author: Unknown
Thank you for your coming
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