At 02:30 (GMT+2), in Australia, data on retail sales for the fourth quarter will be published, which is a key indicator of consumer spending, which 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 in the value from 0.7% to 0.1% on a monthly basis is expected, which, in turn, may put pressure on the Australian currency rate.
