Australian Weekly ANZ Roy Morgan Consumer Confidence survey slumps to 76.4 (prior 79.8)

<p>ANZ notes that every sub index in the measure was lower in the week. </p><p>And:</p><ul><li>Inflation expectations rose to 5.4%, reversing the falls of the last 2 wks. This is likely to be of interest to the RBA, given petrol prices have averaged over $2/L for 6 wks.</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.