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AUD/JPY: Clings to modest gains near 0.8100 ahead of RBA speech

AUD/JPY: Clings to modest gains near 0.8100 ahead of RBA speech
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Roy Morgan Business Confidence down only slightly in June to 128.3; but new COVID-19 restrictions a clear threat to the recovery

Country:
Australia
Source: Roy Morgan Business Single Source, Dec 2010-June 2021. Average monthly sample over the last 12 months = 1,321.
This month, June 2021, Roy Morgan Business Confidence is down 1pt (-0.8%) to 128.3. Despite the fall Business Confidence is a massive 33.3pts (+35.1%) higher than a year ago in June 2020 (95.0). The Business Confidence result for June is based on interviewing conducted before the Sydney-wide lockdown and the latest restrictions introduced in several States announced over the weekend.
Business Confidence in June 2021 was 14.4pts above the long-term average of 113.9 with nearly two-thirds of businesses, 64.8%, expecting ‘good times’ for the Australian economy over the next 12 months and a clear majority of 58.4% saying the next 12 months is a ‘good time to invest in growing the business’. ....

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*Australia Business Confidence +16 In February - NAB

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