Mixed Economic Data from Australia
A mix of both positive and negative economic releases out of Australia gave the AUD/USD pair a quick run up before trading down to levels lower than it was prior to the release. The seasonally adjusted Retail Sales figures came in much better than expected for January at +1.2% versus the expectation of +0.5% and the prior release of -0.7% (revised lower to -0.9%.) However, the Building Approvals came in much worse for January which sent the AUD initially lower. This is all in prelude to rate decision expected at 10:30 pm est.




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