Australian Dollar Recovers after Tuesday’s Slump Thanks to China’s, Domestic Data

Apr 03,2019 15:45   Source:Earnforex
The Australian dollar recovered today after yesterday’s drop caused by Australia’s central bank. Macroeconomic data, both domestic and Chinese, was the major cause for the currency’s rally today. The Australian Bureau of Statistics reported that retail sales grew 0.8% in February from January, seasonally adjusted. That is more than two times the forecast increase by 0.3%. The seasonally adjusted trade balance widened to A$4.8 billion in February from A$4.35 […]

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