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AUD Retail Sales

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1st December 2010, 15:42

oxygen.60

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AUD Retail Sales

The Aussie couldn’t avoid the European storm and lost a lot of ground. Although somewhat overshadowed by trade balance, this important consumer indicator always moves the currency. After two months of relatively slow growth – 0.3% each time, growth is expected to edge up and rise by 0.4% this time. For that I will remain bullish on the Aussie upon its release.

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