Australian business confidence held in March close to its highest level in almost eight years as companies reported a surge in forward orders that suggests the economy is weathering higher central bank borrowing costs.
The confidence index slipped 3 points from February to 16, according to a National Australia Bank Ltd. survey of more than 400 companies between March 25 and March 31 released in Sydney today. The bank’s business conditions gauge, a measure of hiring, sales and profits, rose 5 points to a two-year high of 13.
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Dean Popplewell
He has a deep understanding of market fundamentals and the impact of global events on capital markets.
He is respected among professional traders for his skilled analysis and career history as global head
of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean
has played an instrumental role in driving awareness of the forex market as an emerging asset class
for retail investors, as well as providing expert counsel to a number of internal teams on how to best
serve clients and industry stakeholders.
Latest posts by Dean Popplewell (see all)
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