ANZ Roy Morgan Consumer Confidence indicator. Out each week.


While I'm on Australia, comments from Westpac on the iron-ore rally and its impact on the AUD:

  • 19% jump in iron ore prices overnight
  • This has important implications for Westpac's G-10 FX model and the market's appetite for AUD
  • Higher ore prices will boost AUD via long-run terms-of-trade valuation signal, a stronger yield signal and through sentiment channels
  • Current iron-ore price consistent with AUD trading in a 0.76-0.77 range
  • But questions on whether the gain is sustainable