The AUDUSD rallied after data showed retail sales in Australia increased by 0.4% in the month of May, which beat the expected 0.3% increase. The pair rose to as high as 0.7424 after the data. Meanwhile, Australia’s biggest trading partner – China – released upbeat Services PMI numbers, which also helped lend support to the aussie.
Greenback Weakens, Gold Rises
Daily Analysis - 04/07/2018