AUD: Strong retail sales numbers - TDS

FXStreet (Bali) - FXStreet (Delhi) – Research Team at TDS, notes that the Australia’s retail Sales in Nov rose +0.4% as expected, above the +0.2% TD forecast with the Oct read revised up from +0.5% to +0.6%.

Key Quotes

“In nominal terms Australian retail sales hit a record high, up 4 months in a row, with the year on year sales momentum accelerating from 3.9% in Oct to 4.3% in Nov. All good categories recorded gains on the year as did all states and territories. In conjunction with yesterday’s Australian trade balance data that showed imports hitting a high and capital imports recovering, it suggests the economy is in decent shape.”