Australian retail sales, November 2024: +0.8% m/m (vs. expected +1.0%, prior +0.6%)
Australian retail sales November 2024
+0.8% m/m and +3.0% y/y
AUD/USD is dribbling a little lower. The miss on estimates is being viewed in light of steep discoutning during the sales period, and yet still it's a miss. RBA rate cut proponents grabbing hold of this data.
This article was written by Eamonn Sheridan at www.forexlive.com.