At 03:30 (GMT+2), Australia will release July data on Retail Sales, a key indicator of consumer spending that has a significant impact on the country's Gross Domestic Product (GDP). Retail Sales indicator measures the change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. A correction of the value from 0.1% to 0.5% MoM is expected, which, in turn, may support the quotes of the Australian currency.
