# Australian dollar sideswiped by dire data, still up on month

> The Australian dollar slipped 0.1% to $0.7050 after December retail sales fell 3.9%, far worse than forecast, the biggest drop since August 2020. The currency was still up 3.5% for January, and markets kept bets on a quarter-point RBA hike in February.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/38024-australian-dollar-sideswiped-by-dire-data-still-up-on-month
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weaker domestic demand trims rate-hike expectations, which tends to weigh on the Aussie against the dollar. For feed buyers this is a minor macro signal with little direct effect on feed grain or meal prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40223475/australian-dollar-sideswiped-by-dire-data-still-up-on-month

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