At 03:30 (GMT+2) in Australia, data on retail sales will be published – a key indicator of consumer spending, which has a significant impact on the country’s gross domestic product (GDP). The indicator records the monthly volume of all goods sold by retailers, based on samples of stores of different types and sizes. A correction in the value is expected from 0.5% to 0.2% MoM, which, in turn, may put pressure on the Australian currency.
