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At 03:30 (GMT+2) in Australia, April data on retail sales is due – 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 retailers sold, based on a sample of stores of different types and sizes. A correction in the value is expected from −0.4% to 0.3% MoM, supporting the Australian dollar.
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