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Apr 30 - 05:55 AM

AUD/USD - Deflated By Disappointing Australian Retail Sales

By Rob Howard  —  Apr 30 - 03:45 AM
  • AUD/USD falls to 0.6515 as disappointing data continues to weigh on the AUD

  • Australian retail sales down 0.4% in March vs forecast increase of 0.2%

  • 0.6515 is lowest level since Thursday (0.6511 is 21-day moving average)

  • Monday's high was 0.6587 (highest level since April 10, hot US CPI data day)

  • Two-day Fed meeting gets underway later. RBA meets next week (May 7)

  • China overtakes Japan in April as Australia's top coal market nL1N3H30BA

Source:
Refinitiv IFR Research/Market Commentary

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