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Australia Business Confidence Reaches 2 Year High

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Australian business confidence surged in August as firms hoped a Federal election would put an end to political uncertainty, though Tuesday’s survey showed actual conditions were weak with a worrying downturn in employment.

National Australia Bank’s monthly survey of over 600 firms found confidence improved across all sectors following a cut in interest rates early in August and ahead of an expected victory by the conservative Liberal National Coalition in elections on Sept. 7.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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