Australian consumer sentiment improved in July, with the Westpac–Melbourne Institute Consumer Sentiment Index rising 4.1% to 83.9. The increase suggests households have become less concerned that the Reserve Bank of Australia’s June decision to leave the cash rate unchanged would be followed by another rapid sequence of rate hikes. Even so, confidence remains deeply depressed. […]The post Australia Westpac Consumer Sentiment Rebounds to 83.9, but Pessimism Still Runs Deep appeared first on ActionForex.