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The Australian retail sales data as well as the RBA interest rate statement added to the strength of the Aussie against the US Dollar. The first-mentioned report caused a 0.24% or 19 pips drop in the pair, followed by a 0.15% decline on the RBA release.
The Australian Bureau of Statistics revealed that the country's retail sales eased more than anticipated in December, but still made a rebound in the final quarter of 2017. Retail sales fell 0.5% in the reported month, following an upwardly revised 1.3% increase registered previously. In the further release, the Reserve Bank of Australia stuck to its upbeat assessment of the country's economy, keeping the key interest rate unchanged at 1.50%.
| Historical Data Table: Australian Retail Sales | Economic Calendar for 06.02.2018 | ||||||||
| Date | 05.10.2017 | 03.11.2017 | 05.12.2017 | 11.01.2018 | 06.02.2018 | 1:30 PM | Canadian Trade Balance | ||
| Actual | -0.6% | 0.0% | 0.5% | 1.2% | -0.5% | 3:00 PM | Ivey PMI | ||
| Forecast | 0.3% | 0.4% | 0.3% | 0.4% | -0.2% | 9:45 PM | NZ Unemplyment Rate | ||
| Initial Reaction on Main Pairs 00:30 GMT | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/JPY | 86.193 | 85.903 | -0.34% | AUD/JPY | 37.19% | 62.81% | |||
| AUD/USD | 0.78877 | 0.78688 | -0.24% | AUD/USD | 51.26% | 48.74% | |||
| EUR/AUD | 1.56996 | 1.57368 | 0.24% | EUR/AUD | 26.79% | 73.21% | |||
| GBP/AUD | 1.77101 | 1.77466 | 0.21% | GBP/AUD | 54.67% | 45.33% | |||