Earlier today, prior to all the eco data from Australia ...
ICYMI:
- Australia - Westpac monthly consumer confidence (Nov) -1.7% m/m (prior +3.6%)
- Australia - Q3 Wage Price Index 0.5% q/q (exp 0.7%)
- AUD tests under 0.7600 after the miss on Q3 wages data
- AUD lower after the wages data - analyst responses coming in
Where was I? Oh yeah, prior to all that lot, the results of nationwide referendum were announced ...
- Australians have voted emphatically in support of same-sex marriage, paving the way for parliament to legalize gay unions
ANZ on the economic impact:
- The Australian economy will reap a windfall through the spin-off benefits from additional weddings, along with a slight boost to confidence
That's via Bloomberg, more here (not much else on the economic implications though)
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ps.
The economic data from Australia today has been bad indeed.
In contrast to the bumper business conditions and confidence data yesterday.
Yesterday the AUD benefitted from the data, today it lost 'cause of it (after a terribly poor underperformance overnight ... which was a bit of a warning).
