When is Australia Retail Sales and how could it affect AUD/USD? – by anilpanchal7 Australia RetailSales AUDUSD Events RBA
uggests an intact seasonally adjusted monthly print of 0.2% MoM, suggesting a reduction in the pressure for the Reserve Bank of Australia to act faster to tame inflation woes.inflation data and the mixed comments from the RBA officials, not to forget the challenges to sentiment, today’s Aussie Retail Sales data appears crucial for the AUD/USD traders.AUD/USD stays pressured around 0.6650, consolidating the Reserve Bank of Australia-inspired gains by retreating from a one-week high.
It should be noted, however, that the Aussie data may have a knee-jerk reaction for the AUD/USD pair as traders are more interested in the US ADP Employment Change for April and the ISM Services PMI for the, as well as the Federal Open Market Committee monetary policy meeting announcements. The Retail Sales released by the Australian Bureau of Statistics is a survey of goods sold by retailers based on a sampling of retail stores of different types and sizes and it's considered an indicator of the pace of the Australian economy. It shows the performance of the retail sector over the short and mid-term. Positive economic growth anticipates bullish trends for the AUD, while a low reading is seen as negative or bearish.
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