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Forex AUD retail sales

Source: Australian Bureau of Statistics. Monthly. Retail sales measure the evolution of consumption, the expected value for AUD is 0.5%, lower than the previous period which was of 2.2%, a reduction of this indicator is bad news for the economy and the currency. This indicator has high impact on the currency, because consumption is the engine for the economy and their contraction is a very bad state of health of the economy.

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