AUD in focus ahead of retail data

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The Australian dollar continues to find itself under pressure in the current market conditions. One of the key features has been the declining performance of the Australian economy against most major currencies, and for AUD traders it has been quite bearish as of late. Individually, the  key feature in the upcoming economic data report is of course retail sales, which are expected to show softening in the economy. Many will be watching this of course, but expectations are fairly low that we will see a positive performance to say the least. I still feel also that the Reserve Bank of… Read More

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