AUD/USD higher after November retail sales

The data is here, the 2% m/m is the biggest in 2 years:Australian November Retail Sales +2.0% m/m (expected +1.2%)Sales for the month hit AUD 36.5bn. This is a record high. High inflation, and strong population growth have played a part in this, of course.Still, AUD/USD catching a bid, showing some outperformance:I suspect it'll be fleeting, AUD is being shoved around by global developments more than local data. This article was written by Eamonn Sheridan at www.forexlive.com.

Jan 9, 2024 - 06:25
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AUD/USD higher after November retail sales

The data is here, the 2% m/m is the biggest in 2 years:

Sales for the month hit AUD 36.5bn. This is a record high. High inflation, and strong population growth have played a part in this, of course.

Still, AUD/USD catching a bid, showing some outperformance:

I suspect it'll be fleeting, AUD is being shoved around by global developments more than local data. This article was written by Eamonn Sheridan at www.forexlive.com.

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