AUSTRALIANS have shrug-ged off concern that currency jitters in China will have an -impact on their economic wellbeing, with consumer confid-ence rising to a 11/2-month high and the Reserve Bank refusing to rule out future rate cuts. 
The ANZ/Roy Morgan weekly consumer confidence index rose 0.6 per cent. The improvement in con-fidence surprised analysts consider-ing that last week's Chinese currency devaluation prompted market volatility.
China, in a surprise move, devalued the yuan by a record amount last week, adding to fears Australia's largest trading partner and one of its biggest investors was on shaky ground amid slowing economic growth and a slump in its stock market.
Separately, the RBA yesterday said the domestic economy had shown signs of improvement, but did not rule out any future rate cuts.The cash rate was cut to a historic low of 2 per cent in   May.