Published: 2024-04-30T05:12:46.000Z
AUD/USD flows:
FX Analyst
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Australia March Retail Sales -0.4% m/m (expected +0.2%)
The Australian March Retail Sales came in lower at -0.4% m/m vs expected at +0.2%. This confirms the domestic demand continue to weakens as savings deplete and real wage remain low. With USD trading broadly lower and Chinese equity reversing earlier gains, Aussie is taking a blow.
AUD/USD is trading 0.52% lower at 0.6532.