At 02:30 (GMT+2), Australia will release January 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. MoM, growth is projected from the current –0.1% to 0.3%, which may act as a driver for the growth of the Australian currency.
