Flash: Australian consumers responding positively to rate cuts - NAB

FXstreet.com (Barcelona) - Australian Consumer Confidence rose by 4.7% in June, a number that recovers the long run average, indicating consumers are responding positively to the rate cuts to date, says NAB economist Robert Henderson.

In view of Henderson: "The result increases the chances that the RBA will leave rates on hold in July. However, the economy still looks to be trending about 2-2½% so unemployment is set to rise, eventually triggering a rate cut."