Day: August 4, 2017

Australian Dollar Gains Following Retail Sales & RBA Statement

The Australian dollar rose against its most traded rivals today following the release of retail sales data and the Monetary Policy Statement from the Reserve Bank of Australia. Australian retail sales rose 0.3% in June from the previous month, above the consensus forecast of 0.2%. The indicator provided a positive surprise for the third month in a row. Meanwhile, the RBA was fairly optimistic in its Statement, saying: Domestic economic data have been mostly […]