When is Australia Retail Sales and how could it affect AUD/USD?

Early Monday, the market sees preliminary readings of the Australia Retail Sales for May month at 01:30 GMT. Market consensus suggests a downbeat MoM

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Australia November preliminary retail sales +7.0% m/m (vs +2% expected)

The preliminary data is, of course, subject to later revision. For now though, comes in at a whopping +7.0% m/m  Further growth was the expectation given indications of high Black…

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