Australia’s Retail Sales climb 0.5% MoM in June vs. 0.2% expected
Source Fxstreet
Australia’s Retail Sales, a measure of the country’s consumer spending, rose 0.5% MoM in June after increasing by 0.6% in May, the official data published by the Australian Bureau of Statistics (ABS) showed on Wednesday.
The reading came in above the market expectations of a 0.2% growth.
Market reaction to Australia’s Retail Sales data
At the time of writing, the AUD/USD pair is down 0.74% on the day at 0.6435, mainly dragged by softer-than-expected RBA Trimmed Mean Consumer Price Index (CPI) data.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bank stocks will release fourth-quarter earnings this week, kicking off the 2026 U.S. earnings season.Tuesday will see JPMorgan Chase (JPM) reporting earnings, while Citigroup (C) , Wells
U.S. President Donald Trump's executive order has paved the way for cryptocurrencies to be included in 401(k) retirement plans, igniting debate on their volatility.
DOGE steadies near $0.1350 above $0.1332 support, SHIB holds the 50-day EMA at $0.00000834, and PEPE stays above $0.00000500 as momentum signals warn of further downside.
The USD/JPY pair trades in positive territory near 158.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) softens against the US Dollar (USD) amid political concerns in Japan.
U.S. stocks kicked off 2026 with a rally as the market bets on economic growth and remains optimistic that the Federal Reserve will further cut interest rates this year. The fourth-quarte
Related Instrument
