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AUSTRALIA’S RETAIL SALES COMES IN AT 1.1% MOM IN JANUARY VS. -2.7% PRIOR

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Australia’s Retail Sales, a measure of the country’s consumer spending, rose 1.1% MoM in January from the previous reading of a 2.7% drop, according to the official data published by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in weaker than the market expectation with an increase of 1.5%.

Market reaction

Following Australia’s Retail Sales data, the AUD/USD pair is down 0.06% on the day at 0.6492


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