Australia June Business Confidence Index rises 6 points

Australia: Firms are feeling more confident with the Business confidence Index rising 6 points to +4, the first positive number since Dec 2007.

June Business conditions Index rose 12 points to -2, the highest in nine months. A pickup in sales and forward orders led to a record improvement in employment intentions with the NAB business employment index jumped a record 18 points to -7.

The AUDUSD has jumped from the 7810 level to over 7830.