Avstralski dolar je stabilen, prodaja na drobno pade – MarketPulse

• Australia’s retail sales decelerate to 0.2%

The Australian dollar is in positive territory on Thursday after three straight daily losses in which AUD/USD lost over 1% and hit an 11-month low. In the European session, AUD/USD is trading at 0.6367, up 0.23%.

Australia retail sales rise slightly

Australian consumer spending, a key driver of economic growth, has been showing cracks. Consumers have been squeezed by high borrowing costs and elevated inflation. These difficulties were reflected in today’s weak retail sales report for August, which showed a gain of 0.2% m/m. This was down from 0.5% m/m in July and missed the consensus estimate of 0.3% m/m. The reading would have been even weaker if not for the FIFA Women’s World Cup, which was held in Australia and New Zealand and boosted sales of merchandise and eating establishments.

For the Reserve Bank of Australia, the soft retail sales report adds support for a fourth straight pause. The RBA meets again in October and a key question is whether interest rates have peaked at the current benchmark rate of 4.10%. The RBA’s new governor, Michele Bullock, has not made any splashy moves, instead opting to stick to the script of Philip Lowe, her predecessor. Bullock has said that upcoming rate decisions will be based on key data and has warned that rate hikes remain on the table.

Bullock’s hawkish stance is understandable, as inflation, which rose in August to 5.2%, remains way above the Bank’s 2% target. Bullock does not want to lose credibility by saying rates have peaked and then having to raise rates if inflation continues to move higher. The markets are viewing the uptick in inflation as a temporary blip and expect the overall downward trend to continue, and have priced in a rate cut for May 2024.

.

AUD / USD Tehnični

• AUD/USD preizkuša podporo pri 0.6380. Naslednja podporna linija je 0.6320
• Obstaja upor pri 0.6446 in 0.6506

Vsebina je samo za splošne informacije. To ni naložbeni nasvet ali rešitev za nakup ali prodajo vrednostnih papirjev. Mnenja so avtorji; ne nujno družbe OANDA Business Information & Services, Inc. ali katere koli njene podružnice, hčerinske družbe, uradnikov ali direktorjev. Če želite reproducirati ali ponovno distribuirati katero koli vsebino, ki jo najdete na MarketPulse, nagrajeni storitvi spletnega mesta z novicami in analizami forexa, blaga in globalnih indeksov, ki jo proizvaja OANDA Business Information & Services, Inc., dostopajte do vira RSS ali nas kontaktirajte na info@marketpulse.com. Obiščite https://www.marketpulse.com/ izvedeti več o utripu svetovnih trgov. © 2023 OANDA Business Information & Services Inc.