19 Aug 2025
Australian Dollar remains subdued despite improved Westpac Consumer Confidence
The Australian Dollar depreciates as the US Dollar gains ground on geopolitical developments.
Australia’s Westpac Consumer Confidence jumped 5.7% in August to 98.5, its highest level since February 2022.
President Trump has begun preparatory steps for a trilateral meeting with Russian President Putin and Ukrainian President Zelenskyy.
The Australian Dollar (AUD) extends its losses for the second consecutive session on Tuesday. The AUD/USD pair depreciates despite an improved Westpac Consumer Confidence, which surged 5.7% in August to 98.5, following a 0.6% increase in July. The sentiment has reached a high since February 2022, as the Reserve Bank of Australia (RBA) has delivered rate cuts totaling 75 basis points since January.
