Day: December 2, 2016

Australian Retail Sales Help Aussie to Gain on Rivals

The Australian dollar rose against its most-traded rivals (with the exception of the Japanese yen) today as Australia’s retail sales beat expectations. Seasonally adjusted retail sales were up 0.5% in October from September. While the pace of growth was somewhat slower than September’s 0.6%, it was faster than the analysts’ prediction of 0.3%. The Aussie gained on the data, though it may yet retreat if US non-farm payrolls […]