The drop is the third month in succession.

WPAC commentary:

The most likely explanations for these elevated pressures on finances relate to:

  • Omicron-related disruptions to activity and earnings at the start of the year;
  • the rising cost of living;
  • and the prospect of rising interest rates

Yes, not a positive trifecta that one.

AUD update, it had a decent US afternoon session:

aud 09 February 2022