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Australian Retail Sales better than expected.

Written by Sam Coxhead on October 5th, 2011.      0 comments

11:49 AM (AEST) Just released August Australian Retail Sales numbers were better than the +.2% expectation, coming through at +.6%. Adding to the glosss of this number was the upward revision of the July number also to +.6% from +.5%. Initially the AUD/USD popped around 20pts to .9545, byt then the overall market risk aversion has dragged the AUD back below the .9500 level.

Domestic economic data is obviously going to be taking a back seat on terms of providing market dirtection as the more macros issues of the current credit crisis in Europe tales precedence.

AUD/USd .9505
NZD/USD .7571
NZD/AUD .7962
AUD/NZD 1.2560
 

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