Yesterday’s high: AU$1.6521
Yesterday’s low: AU$1.6435
Australian Dollar Drifts Lower vs. GBP
The Australian Dollar was pressured lower on Wednesday after Westpac’s consumer confidence index dropped by -1.2% in August, taking the measure to 95.5.
AUD exchange rates were also feeling the strain as a result of comments from Reserve Bank of Australia (RBA) Deputy Governor Christopher Kent, who said that the markets should be concerned about stretched household balance sheets.
AUD Outlook: Consumer Inflation Expectation in Focus
Australian data is now lacking until the publication of Australia’s Consumer Inflation Expectation report for August. A lower figure could reduce the probability of a near-term Australian interest rate increase and weigh on the Australian Dollar.
02:00 Australia Consumer Inflation Expectation
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