Sharon Zollner, Chief Economist at Australia and New Zealand Banking Group (ANZ) noted the ANZ-Roy Morgan Consumer Confidence Index recovered further in June. It has made back about half its fall, but is around 2009 levels. Key quotes “Consumer confidence bounced another 8 points in June to 104.5 but is still well under its historical average. The net proportion of households who think it’s a good time to buy a major household item lifted 20 points to +5%, still recessionary levels. The bounce is encouraging, but with unemployment set to rise sharply, we need to be realistic about how much spring is likely left. The current conditions index and the future conditions index equalized in June. There is increasing optimism that things will be better a year from now.” Market reaction The upbeat data failed to move the NZD, with NZD/USD trading modestly flat around 0.6430 so far. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BOJ’s Adachi: Will control interest rates, avoid one-sided rises to prevent collapse in Japan’s finances FX Street 2 years Sharon Zollner, Chief Economist at Australia and New Zealand Banking Group (ANZ) noted the ANZ-Roy Morgan Consumer Confidence Index recovered further in June. It has made back about half its fall, but is around 2009 levels. Key quotes “Consumer confidence bounced another 8 points in June to 104.5 but is still well under its historical average. The net proportion of households who think it’s a good time to buy a major household item lifted 20 points to +5%, still recessionary levels. The bounce is encouraging, but with unemployment set to rise sharply, we need to be realistic about how much… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
