U.S retail sales surged ahead Friday evening with the benchmark core retail sales figure beating estimates and coming in at 0.8% vs. the 0.6% predicted. Additionally core retail sales for the month previous was also revised higher while UoM consumer sentiment hit its highest point in a year and a half. The solid U.S economic data boosted the Greenback and saw AUD/USD fall by around half a percent through Friday evening.
Commodity prices were mixed and iron ore fell over the weekend as Chinese data released Saturday afternoon showed further falls across retail sales and industrial production, all failed to meet estimates.
A quiet session ahead with no data releases and bank holidays across Europe.
DATA RELEASES TODAY:
AUD EXCHANGE RATES:
AUD/USD – 0.7262
AUD/GBP – 0.5054
AUD/EUR – 0.6416
AUD/NZD – 1.0736
AUD/JPY – 78.822
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