Australian January consumer confidence -1.3% m/m (prior +2.7%)

<p>Westpac Consumer Confidence / Melbourne Institute monthly index. </p><ul><li>Down 1.3% on the month to 81.0</li></ul><p>Its been below 100, ie pessimists outnumbering optimists, since February 2022.</p><p>WPAC comment:</p><ul><li>The latest January read is in the bottom 7% of all observations since the survey was first run in the mid-1970s.</li></ul><p>-</p><p>Earlier today we had the weekly survey with drop also:</p><ul><li><a href="https://www.forexlive.com/news/australian-weekly-consumer-confidence-survey-falls-to-844-prior-848-20240115/" target="_blank" rel="follow" data-article-link="true">Australian weekly consumer confidence survey falls to 84.4 (prior 84.8)</a></li></ul><p>AUD/USD is lower, but its on the back of a small dricft out of 'risk' due to missile attacks in the Middle East. Link and more info can be found here:</p><ul><li><a href="https://www.forexlive.com/news/oil-futures-have-opened-higher-after-irans-missile-attacks-into-iraq-20240115/" target="_blank" rel="follow" data-article-link="true">Oil futures have opened higher after Iran's missile attacks into Iraq</a></li></ul>

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