Australia: much larger trade surpruls; retail sales disappoint

FXstreet.com (Barcelona) - The Australian retail sales number s.a. for the month of May came at 0.1% vs +0.3% expected and +0.2% prior, disappointing calls from economists. However, the trade balance beat expectations, with AUD trade balance (May) at 670M vs 171M. Exports (May) were up +4% vs -1% prior, while imports (May) stood at +2% vs +1%.