Australia Retail Sales for April: -0.1% m/m (expected 0.2%)

Australian data, retail sales disappoint yet again, in at -0.1% m/m in April

• expected 0.2%, prior 0.3%
• +2.8% y/y (prior 3.5%)

trend estimate +0.2% in April 2019 m/m

• prior 0.2%

Y/y trend terms, Australian turnover rose 2.9% in April 2019 compared with April 2018.

Focus today is on the RBA:

• Question for ForexLive traders - will the RBA cut today? Anyone want to say no?
• Where to for the AUD on the RBA announcement (rate cut expected) today?