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Australians Feel More Upbeat Following RBA Rate Cut

Discussion in 'Fundamental Analysis' started by Angela_Riplay, May 11, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Australian consumer confidence improved markedly in May after the Reserve Bank of Australia trimmed interest rates for the first time in a year. The Westpac-Melbourne Institute Consumer Sentiment Index jumped 8.5% in May to a January-2014 high of 103.2, after sliding to a seven-month low of 95.1 in April. In[​IMG]

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