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Jan 08 - 09:55 PM

AUD/USD - Slips On Softer-Than-Expected Retail Sales

By Krishna Kumar  —  Jan 08 - 07:47 PM

• AUD/USD -0.2% as softer-than-expected retail sales add to negative sentiment

• Australia Nov retail sales +0.8% m/m vs 1.0% expected in Reuters poll

• Likely to fuel dovish RBA expectations further after benign CPI data Wed

• Feb cut chances rise to 60% from 51% Wed;Fed-RBA policy expectations diverge

• Rising Treasury yields, robust US economy, Trump tariffs threats also weigh

• Strong support at 0.6180-90, resistance 0.6225-30, 0.6245-50

• Thursday range 0.6198-0.6215; China inflation data awaited
US consumer prices:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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