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AUD/USD Outlook: Retail Sales Data Could Trigger RBA’s Pause

by Forex Crunch
May 26, 2023
in Forex Analysis
Reading Time: 1 min read

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.
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