Retail sales. Australia, 02:30 (GMT+2)

At 02:30 (GMT+2), Australia will release Q4 retail sales data, a key indicator of consumer spending that has a significant impact on the country’s gross domestic product (GDP). The indicator records the monthly volume of all goods retailers sold based on samples of stores of different types and sizes. A correction in the value is expected from 1.6% to −2.7% MoM, putting pressure on the Australian dollar.

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