Forex News

Australian Q3 retail sales data out earlier showed sales growth slowing notably

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We get monthly retail sales data from Australia, so the quarterly data often sails by barely noticed. Much like today.

Real retail sales (i.e. ex-inflation) +0.2% q/q

and +10% y/y (this is a reopening flow-through) from prior +7.5%.

AUD/USD is up alongside other FX with the small unwind of the USD strength from Thursday: