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Retail Sales Comfortably Above Expectations, A$ Ticks Higher, Bond Futures Down Slightly

AUSTRALIA DATA

Australian retail sales data for September comfortably beat expectations, rising 0.9%, versus 0.3% forecast and a revised 0.3% gain in August. AUD/USD is higher post the release, but the impact is limited at this stage. Prior to the release we were around 0.6340, but now sit closer to 0.6350. The currency is outperforming in the G10 space, up 0.20% so far for the session. The impact on bond futures has seen the 3yr tick 2bps lower. More details to follow.

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