When is Australia Retail Sales and how could it affect AUD/USD?
Early Friday, the market sees June month Retail Sales data from Australia at 01:30 GMT. Even though recent improvement in the Aussie inflation data pushes markets towards expecting 0.3% increase in seasonally adjusted MoM reading, versus 0.1% prior, current trade tension and sluggish prints of early job market indicators highlight the bears’ power.
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