AUD data responses coming in – retail sales “detail was positive”

Westpac responding (this in very brer)

  • Annual growth in nominal sales lifted to 3%yr, the strongest pace since July last year
    The detail was positive …  the gain led by solid rises in ‘discretionary’ store types
  • The figures suggest some easing in the soft patch through Dec-Jan, possibly reflecting some relaxation in price competition as well as a firming in demand.

We also had building approvals data from Australia today which wasn’t so great – but as I said prior and over the release, the market focus was on the retailing numbers.  

AUd has been taken higher since the data:

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