Australia Consumer Sentiment Jumps 6% as RBA Holds Rates

Australia’s Westpac consumer sentiment index rose 6% to 88.9 in August after the RBA held rates at 3.85%, with mortgage holders driving the rebound. Yet 59% still expect higher rates and unemployment concerns increased. For traders, stronger sentiment supports AUD, but persistent rate and labor-market concerns could limit gains and keep RBA expectations in focus.