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Strongest Performer In G-10, Consumer Confidence Highest Since Mid-2022

AUD

AUD/USD prints at $0.6665/70 ~0.4% firmer on Tuesday. The AUD is the strongest performer in G-10 space at the margins.

  • The pair has firmed as risk sentiment improves as local and regional equities tick higher alongside US Equity Futures. Chinas Producer Prices fell at their fastest rate since June 2020.
  • AUD/NZD is also firmer, the cross is dealing a touch above the $1.07 handle.
  • April Westpac Consumer Confidence rose 9.4% to 85.8, the highest print since mid 2022.
  • NAB March Business Confidence rose to -1 from -4 and business conditions fell a touch to 16 from 17 in Feb.
  • The domestic data calendar is empty for the remainder of the session, wider swings in risk sentiment will be the main driver of AUD.

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