The Australian dollar had a moment of spike lower on the data earlier, most focus on poor retail sales
- Australia Retail Sales for January: 0.1% m/m (expected 0.3%)
- Australia Trade Balance for January: AUD 4549m (expected AUD 2750m)
Comments from China's finance minister on tax cyts seem to be giving the AUD a few points now :
keep in mind, the range is small indeed
More from the finmin:
- pressure to balance fiscal revenue and spending is very pronounced in 2019
- China's planned tax cuts this year unmatched in size globally
- will guide companies to increase spending on technology, upgrade supply chain
- will arrange central government spending of 354.3 bln yuan in techonology development in 2019
- has arranged 1.56 trln yuan in central fiscal transfer to boost local finance in 2019
