When is Australia Q2 Retail Sales and how could it affect AUD/USD? – by anilpanchal7 Australia RetailSales TradeBalance Events AUDUSD
Early Thursday, around 01:30 AM GMT, the market sees preliminary readings of Australia's Retail Sales for the second quarter of 2023. Also likely to entertain AUD/USD traders around the same time is the nation’s Trade Balance data for June.
Ahead of the data, Analysts at ANZ said, “We expect a deeply negative retail result and a trade surplus of $10 billion.AUD/USD stays pressured at the lowest level in two months, around 0.6530 by the press time, as it braces for the Aussie data during early Thursday, after bearing the burden of the strong
It should be noted, however, that the Aussie data may have a knee-jerk reaction for the AUD/USD pair as traders are more interested in a slew of US data unveiling the activity and employment clues.
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