Retail Sales Miss: AUD/USD Under Pressure - Forex News by FX Leaders

Retail Sales Miss: AUD/USD Under Pressure

Posted Monday, September 3, 2018 by
Rowan Crosby • 1 min read

The AUD/USD looks to be coming under more pressure after retail sales came out below expectations.

The result was 0.0% MoM vs 0.3% expected. The AUD/USD is down -0.25% on the day and well below the 0.7200 level now.

It’s a massive week of data for the AUD/USD with GDP and the RBA interest rate decision still to come.

Company profits were up, on the back of what has been a strong earnings season in Australia. Earnings season finished on Friday and the ASX is flat to start the trading week.

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About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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