Australia’s September Westpac consumer confidence index slipped to 100.5 (prior 103.6) after major banks hiked SVRs and political changes involving the removal of PM Turnbull in August, notes the research team at TD Securities.
“This is the weakest sentiment reading since November last year in seasonally adjusted terms. Sep consumer confidence SA mom slipped to -3.0% from -2.3%. Along with the weak headline figures, the underlying data also fell across the board.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.