Retail sales remained unchanged in April compared to a 0.4% increase in March. The slowdown in consumer spending indicates the RBA is effectively curbing demand. The dollar maintained its position close to a two-month high. Today’s AUD/USD outlook is bearish. Consumers in Australia, facing high living costs and rising interest rates, reduced spending on food … Continued
The post AUD/USD Outlook: Retail Sales Data Could Trigger RBA’s Pause appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- USD/CAD Weekly Forecast: Slowing US Economy Dents Dollar - April 27, 2024
- USD/JPY Price Analysis: BoJ’s Inaction Weakens Yen - April 26, 2024
- GBP/USD Outlook: Dollar Slides on Disappointing GDP Figures - April 26, 2024