Australia Trade Balance came in at -2317M, above forecasts (-2800M) in September

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Nov 4, 2015

Australia Retail Sales s.a. (MoM) meets forecasts (0.4%) in September

AUD/USD was marginally bid on retails sales

AUD/USD is currently trading at 0.7190 with a high of 0.7196 and a low of 0.7178. AUD/USD is currently supported and better bid on the back of the retails sales figures that came in line with expectations at 0.4% m/m. The report will be a key element to the RBA's decision making process in respect of the December meeting.