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AUD: Consumer sentiment eased back - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at TDS, notes that the Australia’s March consumer sentiment eased back to 99.1 after the inexplicable +4.2% to 101.3 in Feb.

    Key Quotes

    “A small fall was not a surprise, and 99.1 remains within the range of recent months. Jan home loans slid -3.9%/mth, on par with expectations. Blockbuster refinancing after the out-of-cycle-hikes in October last year spurred complacent households into action.

    Over Nov-Dec mortgage refinancing jumped nearly +10% and the share of fixed-rate home loans (2+years not honeymoon rates) surged from 9.1% in October to 13.6% in February. Hence the fall in Jan.”
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