Retail Sales Miss: AUD/USD Under Pressure
The AUD/USD looks to be coming under more pressure after retail sales came out below expectations.
•
Last updated: Monday, September 3, 2018
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.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
- Read our latest reviews on: Avatrade, Exness, HFM and XM
ABOUT THE AUTHOR
See More
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.
Save