# Australia dollar gains on stronger retail data, risk sentiment still fragile - Markets - Business Recorder

> The Australian dollar rose 0.3% to $0.6353 after a stronger-than-expected September retail sales report, which rose 0.9% month on month. The currency remained near its one-year low amid volatile global risk sentiment tied to the Israel-Gaza conflict.

- Date: 2023-10-30 · published 2023-10-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/33878-australia-dollar-gains-on-stronger-retail-data-risk-sentiment-still-fragile
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stronger Australian data raises odds of an RBA rate hike, supporting the AUD; for feed buyers this is a currency backdrop with little direct effect on grain or meal prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40270676

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.