The Australian Dollar was unable to capitalize on improving local consumer sentiment data, weighed down by a resumption in trade war headlines. In July, Westpac Consumer Confidence rose 3.9% m/m which was the fastest increase since May 2016. Meanwhile, the index clocked in at 106.1 from 102.1 in June. That was the highest outcome since November 2013. So amidst the ever increasingly tense global trade front as the world’s largest economy pursues implementing tariffs on major economies, Aussies seem to be keeping their hopes up. This could be in-part due to that the country is exempt from the US metal tariffs. Improved ... (full story)