Australia’s Retail Sales climb 0.5% MoM in June vs. 0.2% expected

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Australia’s Retail Sales climb 0.5% MoM in June vs. 0.2% expected
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Australia’s Retail Sales, a measure of the country’s consumer spending, rose 0.5% MoM in June after increasing by 0.6% in May, the official data published by the Australian Bureau of Statistics (ABS) showed on Wednesday.

Australia ’sRetail Sales, a measure of the country’s consumer spending, rose 0.5% MoM in June after increasing by 0.6% in May, the official data published by the Australia n Bureau of Statistics showed on Wednesday. The reading came in above the market expectationsof a 0.2% growth. Market reaction to Australia ’s Retail Sales data At the time ofwriting, theAUD/USDpairis down 0.74%on the dayat 0.6485, mainly dragged by softer-than-expected RBA Trimmed Mean Consumer Price Index data.

30% 0.02% 0.63% -0.11% -0.14% EUR 0.05% 0.03% -0.25% 0.06% 0.67% -0.04% -0.08% GBP 0.04% -0.03% -0.29% 0.04% 0.63% -0.07% -0.10% JPY 0.30% 0.25% 0.29% 0.39% 0.93% 0.20% 0.22% CAD -0.02% -0.06% -0.04% -0.39% 0.58% -0.13% -0.16% AUD -0.63% -0.67% -0.63% -0.93% -0.58% -0.71% -0.74% NZD 0.11% 0.04% 0.07% -0.20% 0.13% 0.71% -0.03% CHF 0.14% 0.08% 0.10% -0.22% 0.16% 0.74% 0.03% The heat map shows percentage changes of major currencies against each other.

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