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    Australia’s Retail Sales comes in at 1.1% MoM in January vs. -2.7% prior

    Fonte Fxstreet
    29/02/2024 00:32

    Australia’s Retail Sales, a measure of the country’s consumer spending, rose 1.1% MoM in January from the previous reading of a 2.7% drop, according to the official data published by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in weaker than the market expectation with an increase of 1.5%.

    Market reaction

    Following Australia’s Retail Sales data, the AUD/USD pair is down 0.06% on the day at 0.6492. 

    About Australia's Retail Sales

    The Retail Sales released by the Australian Bureau of Statistics is a survey of goods sold by retailers is based on a sampling of retail stores of different types and sizes and it''s considered as an indicator of the pace of the Australian economy. It shows the performance of the retail sector over the short and mid-term. Positive economic growth anticipates bullish trends for the AUD, while a low reading is seen as negative or bearish.

    Isenção de responsabilidade: Apenas para fins informativos. O desempenho passado não é indicativo de resultados futuros.
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    US: Initial Jobless Claims increased below expectations last weekUS citizens that applied for unemployment insurance benefits increased by 211K in the week ending April 6 according to the US Department of Labor (DoL) on Thursday.
    Fonte  Fxstreet
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    ECB's Lagarde to make clear case for June cut without explicitly calling for one – TD SecuritiesPreviewing the European Central Bank's (ECB) April policy meeting, analysts at TD Securities said that they expect a straightforward decision, with the ECB opting for another policy hold.
    Fonte  Fxstreet
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    Breaking: Gold Price Forecast: XAU/USD storms through $2,350 to hit a fresh record highGold price witnessed a sudden $27 upswing and stormed through the $2,350 barrier to refresh an all-time high at $2,354 in Asian trading on Monday.
    Fonte  Fxstreet
    Gold price witnessed a sudden $27 upswing and stormed through the $2,350 barrier to refresh an all-time high at $2,354 in Asian trading on Monday.
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