- prior was +0.5%
Retail Sales for January: 1.2% m/m (vs. expected 0.4%):
Ninth consecutive month of gains & the highest in 11 months.
Also: Trade balance for January: 1433m (vs. expected surplus of 100m)
HUGE figures, big headline figure beats (plural) of expectations … more positive signs for the Australian economy.
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AUD/USD takes out the stops above 0.9 on the release of this very significant data.
As noted on the orderboard, sellers now around 0.9025 and next around 0.9050 … the orderboard will need an update after this big data release.
