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AUD: Retail sales bang on expectations - TDS

FXStreet (Delhi) – Research Team at TDS, notes that there are no monetary policy implications from today’s retail sales report for October, with sales up +0.5%/m pretty much at expectations.

Key Quotes

“On the year, retail sales are up 3.9%, well below annual increases of recent years. Sales of households goods recorded the fastest increase, up +6% on the year, thanks to the boom in Sydney and Melbourne house prices.”

USD/JPY likely to trade with neutral bias within the 122.00-124.50 range – MUFG

Research Team at MUFG, suggests that the likelihood of a policy move by the FRB has risen considerably and will continue to provide support for USD/JPY.
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EUR/USD a tad lower near 1.0930, NFP eyed

The shared currency is taking a breather following the unprecedented spike on Thursday, with EUR/USD now navigating the low-1.0900s ahead of the US docket...
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