The Australian dollar reacts to economic data very nicely. Yesterday, the A$ enjoyed the good trade balance data and building approvals to rise above 0.77. We cast our doubts about the rise given the upcoming RBA decision. The Aussie did not wait for its central bank. Retail sales came out flat, worse than 0.4% expected [...]
The post AUD/USD unable to rise on weak retail sales appeared first on Forex Crunch.
via Forex Crunch
No comments:
Post a Comment