AUD/USD to Mount Broader Recovery on Strong Australia Retail Sales

published 3 years ago by Daily FX TV

A pickup in Australia Retail Sales may generate a larger rebound in AUD/USD as it preserves the bullish formation carried over from the end of May. #news #AUDUSD #RBA @DavidJSong

It's Wednesday August 3 I'm David song currency analyst for daily FX and will be closely watching the Aussie dollar over the next 24 to 40 8:00 hours to treat as we do have some meaningful event risk coming out of Australia first that we do have the retail sales figures which is expected to show another 0.3 percent rise in June and that's following is your 0.2 percent expansion during the previous month so we'll see if some of those figures will boost the economic outlook for the region but on Thursday we do have the reserve bank of Australia releasing a quarterly muncher policy statement not sure who gonna get anything meaningful anything new from the central bank as we did see the art we cut went for entry to fresh record lows just ruin the week but of course as we do have governor Glenn Stevens departed from the central bank next month with Mister Philip low taking the helm on September 18 you're not sure if I'm gonna get any hints on what the central bank intends to go forward ...

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