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Australian Retail Sales up by 0.4%

Friday, Jan 08 2016
The latest Australian Bureau of Statistics (ABS) Retail Trade figures show that Australian retail turnover rose 0.4 per cent in November 2015 following a rise of 0.6 per cent in October 2015, seasonally adjusted. This was in line with market expectations.
 There were rises in household goods retailing (0.9 per cent), cafes, restaurants and takeaway food services (1.0 per cent), food retailing (0.2 per cent), clothing, footwear and personal accessory retailing (0.8 per cent) and other retailing (0.4 per cent). There was a fall in department stores (-0.8 per cent). 
 
Aussie is currently being traded around 0.7050 area. Pair is likely to find support around 0.6980 handle and resistance above 0.7130 level. Later today, in the US session, NFP figures are scheduled for a release.
More in this category: « Unemployment Claims decreased to 277,000 German and French Industrial Production fell in November »

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