Australia NAB Business Survey unexpectedly improves in October, Aussie turns positive

Australia’s October Business Survey released by the National Australia Bank (NAB) showed:

  • Confidence in October arrived at 2 vs. 0 expect and 0 seen in September.
  • Conditions in October stood at 3 vs. 2 expected and 2 in September.          

More to come ...

Australia National Australia Bank's Business Conditions came in at 3, above forecasts (2) in October

Australia National Australia Bank's Business Conditions came in at 3, above forecasts (2) in October
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AUD/USD: Mildly positive after better than forecast Aussie NAB Business data

Despite upbeat readings of Australian business sentiment data, AUD/USD stay mildly on the bids around 0.6850 during early Tuesday.
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