AUD's marathon of data for the week has continued today with the release of the October Retail Sales and Trade Balance.
Note: Retail Sales was the main focus in these releases.
The data arrived as follows :
Imports (Oct) 0% vs prior 3%.
Exports (Oct) -5% vs prior 3%.
Trade Balance (Oct) 4502 M vs 6100 M expected and prior 7180 M.
Retail Sales s.a. (MoM) (Oct) 0% vs 0.3% expected and prior 0.2% .
AUD/USD has dumped 0.17% and counting for the session on the knee-jerk on the back of the combined disappointments in the data.
Source : FX Street