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(RTTNews) - Australia business confidence as well as conditions softened in November indicating that economic growth is unlikely to improve, surve...

Dollar softens slightly in today's Asian session, as the global markets await forthcoming US consumer inflation data. Headline CPI is anticipated to show a modest deceleration to 3.2% in November, while core CPI is expected to remain stubbornly high at 4%. Fed's mandate to bringing inflation down to its 2% target necessitates a persistent slowdown in core inflation through the tough "last mile". Absent this, interest rates will either be maintained at their current elevated levels "for longer" or potentially be increased further. This context amplifies the importa...

By James Glynn SYDNEY--Outside of the period marked by the Covid-19 pandemic, Australian business confidence slipped to its lowest level in over a decade in November as businesses felt the... -December 11, 2023 at 07:47 pm EST - MarketScreener

Australia NAB Business Confidence fell from -3 to -9 in November. Business Conditions fell from 13 to 9. Trading conditions fell from 19 to 13. Profitability conditions fell from 11 to 6. Employment conditions were unchanged at 8.

In the aftermath of US CPI release, the forex markets are staying in a state of consolidation, with mixed reactions. Initially, there was an attempt to sell Dollar following the data, but this momentum quickly dissipated as the data largely aligned with market expectations. Headline CPI showed a gradual decline, albeit at a slow pace, while core CPI indicated stagnant disinflation. It may not be the right time to place significant bets on the greenback yet, especially considering FOMC rate decision and publication of new economic projections scheduled for tomorrow. The anticipation of these ev...