Economic indicators from Australia failed to distract investors from the upcoming US CPI Report. The AUD/USD was up 0.05% to $0.66167 despite better-than-expected business confidence figures.
The NAB Business Confidence Index slipped from +1 to 0 in February. Economists forecast a drop to -1.
According to the February Survey,
- Forward orders declined, while trading and profitability improved midway through the first quarter.
- Employment conditions improved, though labor costs remained steady.
- Notably, final product prices and retail prices trended…
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