The A$ hasn't reacted a great deal to the as expected AU retail sales print (+0.2%), with the Jan figure revised down a touch to 1.8% from 1.9% prior. AUD/USD sits close to the session highs, in the 0.6665/70 region, around +0.25% firmer. This is through Monday session highs, with Friday highs form last week coming in close to 0.6700.

The USD is weaker across the board, with yen leading gains (+0.50%). So, the A$ strength is in line with those trends, albeit with AUD/JPY away from 87.50, last near 87.25/30. Lower US yields and firmer equities are weighing on the USD at this stage.
The retail sales print is unlikely to shift the needle much in terms of the RBA debate. Note we do get monthly CPI figures tomorrow.

Bullet Markets Foreign Exchange News Homepage

Jonathan Cavenagh

Bullet Markets Foreign Exchange News Homepage

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A$ Firmer, Limited Reaction To As Expected Retail Sales