Forex Flash: Westpac consumer confidence may hint at further RB action - NAB

FXstreet.com (Barcelona) - The Australian data of interest for today will be the Westpac consumer confidence reading for December, which as NAB notes, should have captured the mood of consumers in the aftermath of this month's RBA rate cut; "should this mirror the sharp decline in business confidence revealed in yesterday's NAB survey (but which largely pre-dated the RBA rate cut) then expectations for further action as early as the next (February) meeting will likely ratchet higher" NAB notes. The bank questions the ability of sellers to bring the spot rate AUDUSD back below 1.05.