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How confident are Australian businesses this month?

The National Australia Bank (NAB) Business Confidence Index for April released today shows Australian business confidence fell by 6 points over the month to 10 points in April.

Business sentiment was weighed down by anticipation that the RBA would raise interest rates for the first time in almost 12 years.

A lower than expected NAB Business Confidence Index reading may have a negative impact on the AUD.

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