Confidence in Oz is down
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Confidence in Oz is down
A dull week for the Aussie kept it within a two-cent range against the US dollar and the pound. It inched ahead of the euro but not by much. The Australian economic data were of no help whatsoever. Most of the figures not preceded by a minus sign were disappointing for some other reason. Home loans, housing starts, business confidence and consumer confidence were all down, while motor vehicle sales were flat.