Aussie Retail Sales worst than expected, AUD slides to fresh session lows
Australia’s data focus is on June Retail Sales that has just been released as follows:
Australia Retail Sales for June, preliminary, arrived at -1.8% MoM vs the expected -0.5%.
Meanwhile, AUD/USD. already pressured by the spike in the delta variant today in Sydney and in general risk wariness, has been sent to fresh session lows of 0.7322 and falling …
More to come…
However, analysts at Westpac, prior to the rest, explained that the full impact of Victoria’s restrictions will show in this survey which will be subject to revisions next time around.
”The lockdown in Sydney and another round of mini–lockdowns across multiple jurisdictions (QLD, WA, NT and VIC again) won’t hit until July.”
via FXStreet News https://ift.tt/3tYkUTd
July 20, 2021 at 06:36PM