Some important June data for Aussie Dollar views:
· NAB Business Confidence rose to 1.0 (from -20) – this is the 3rd consecutive sizable increase in confidence.
· Marked improvements on all three sub components.
· Employment index jumped 20 points. Also worth to mention that layoffs are still continuing albeit a slower pace.
· Business conditions also saw an up – the index rose from -24 to -7 but is still considered weak historically.
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