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Currency trading today remained lackluster, characterized by limited movements across major pairs and crosses. Key economic data releases, ranging from Japan's Tokyo CPI, and retail sales figures from Australia and the Eurozone, to trade balance data from Canada and US, failed to significantly influence the markets.
Australian retail turnover rose by 2 per cent in November 2023, marking a recovery from October's 0.4 per cent decline. Growth was driven by increased spending on discretionary...
All retail industries experience growth
Since the world returned to some semblance of normality two years ago, Australia has been hailed as an example of how to do things right. Despite having some of the strictest measures in the world during the difficult times of 2020 and 2021, Australia’s economy has thrived in 2022 and the first half of 2023.
Industries reliant on consumer spending worst hit