Australia Retail Sales for June: +0.4% m/m (expected +0.3%)

Australian Retail Sales June +0.4% m/m

• expected +0.3% m/m
• prior +0.4

Q2 Retail Sales excluding inflation data also out, comes in at +1.2% q/q

• strongest in a year for this
• expected +0.8% q/q
• prior +0.2%

A couple of beats for this data point. We are not accustomed to beats for this.

AUD is barely stirred by this, its a little soft on the session again as yuan loses ground still.

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For background on this:

• Australian retail sales data due Friday - what to expect