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Aussie Retail Sales: Stronger than expected yet AUD/USD unchanged

7/5/2021 1:33:15 AM GMT | By Ross J Burland Aussie Retail Sales arrived at +0.4 pct m/m s/adj (reuters poll +0.1 pct). Meanwhile, preliminary estimates showed a significant slowing in Australian retail sales in May with a 0.1% rise, analysts at Westpac said. Coronavirus restrictions had a more material impact than expected with Victoria recording a -1.5% decline despite some lift in ‘stockpiling’ ahead of the 14-day lockdown in June. The final release may see slight revisions and will include the full survey detail. AUD has not budged on the data. AUD/USD technical analysis Technically, from a 4-hour perspective, a pullback could be in order, targeting 0.75 the figure in a 38.2% Fibonacci retracement. 

Final retail sales rose 0 4% in May: Australia

Date Time Final retail sales rose 0.4% in May: Australia Australian retail turnover rose 0.4 per cent in May 2021, seasonally adjusted, according to final retail trade figures released today by the Australian Bureau of Statistics (ABS). This updates the May preliminary result of a 0.1 per cent rise. The change follows additional time for data collection, which has improved the estimates. By industry, clothing, footwear and personal accessory retailing saw the largest difference between the preliminary (-1.5 per cent) and final release (0.0 per cent). By state, Victoria saw a change from -1.5 per cent to -0.9 per cent. New South Wales recorded a flat result (0.0 per cent) at the time of the preliminary release, changing to a 0.5 per cent rise for this final release.

U S Dollar Depreciates As Fed Rate Hike Worries Abate

U S Dollar Depreciates As Fed Rate Hike Worries Abate
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