Buz Investors Retail sales in Australia The pair is trading at 0.7624 at 10:40 GMT this morning, with the Australian Dollar trading 0.69% lower against US Dollar from the New York close. Early morning data indicated that Australia’s seasonally adjusted trade surplus unexpectedly narrowed in January. This morning, the pair traded at a high of 0.7682 and a low of 0.7609. The Australian Dollar traded 0.24% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7677. The pair is expected to its find support at 0.7594 and its first resistance at 0.7670.
Retail sales in Australia unexpectedly fell 0.1 percent month-on-month in December of 2016, compared to a downwardly revised 0.1 percent rise in November and missing market consensus of a 0.3 percent gain. It was the first drop since July, as sales declined in household goods retailing (-2.3 percent from 0.1 percent in the prior month), and other retailing (-0.2 percent from 0.1 percent). In contrast, sales went up in food retailing (0.5 percent from 0.3 percent), clothing, footwear and personal accessory retailing (1.4 percent from 2.3 percent), cafes, restaurants and takeaway food services (0.2 percent from -0.1 percent) and department stores (0.3 percent from -0.4 percent). Retail Sales MoM in Australia averaged 0.49 percent from 1982 until 2016, reaching an all time high of 8.10 percent in June of 2000 and a record low of -10.60 percent in July of 2000.
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