Australia: Uncertainty in the economy remains high - ANZ

FXStreet (Bali) - According to ANZ, today’s business and consumer confidence reports out of Australia are likely to highlight that the level of uncertainty in the economy remains high.

Key Quotes

"The AUD recovered early losses as a rally in oil prices supported commodity currencies more broadly and overwhelmed the selloff seen earlier in the day (following the weak Chinese trade report)."

"While the Prime Minister survived the spill motion against him and this may have provided some support to the AUD, today’s business and consumer confidence reports are likely to highlight that the level of uncertainty in the economy remains high."