Home Forex Aussie gains ahead of retail sales

Aussie gains ahead of retail sales

by Jonathan Adams

The Aussie reversed course and fell on Monday, while the yen gained on safe-haven demand following multiple ballistic missile tests by North Korea into the Japan Sea.

AUD/USD traded at 0.7576, down 0.22%, while USD/JPY changed hands at 113.82, down 0.20%.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.09% to 101.44.

Australia reported retail sales for January with a 0.4% gain as seen month-on-month. Ahead, Minneapolis Fed President Neel Kashkari speaks later in the U.S.

On Thursday, the European Central Bank meets and will offer fresh cues on the future direction of its stimulus program.

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Related News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Know more