Australia February Consumer Sentiment +0.1% (prior -0.7%)

Australia February Consumer Sentiment

+0.1% to 92.2

• prior -0.7% (92.1)

Westpac monthly survey.

Wait until the headlines hit the mass media in Australia about Trump’s ‘no exemption’ steel and aluminium tariffs. Australian media are very keen to stir up panic.

• Trump cancelled deals with allies EU, UK, Japan, Australia, others – no exception tariffs

• Key take away – Trump’s 25% steel and aluminium tariffs – NO EXEMPTIONS or EXCEPTIONS
• White House says 25% steel tariffs will apply to all countries

This article was written by Eamonn Sheridan at www.forexlive.com.