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Australian retail sales for September rose 1.3% month on month, well above the 0.3% consensus. The Australian dollar was slightly weaker against the US dollar, trading at 0.7517.
Iron ore, gold and copper all fell on the day.
Stronger domestic data gives modest support to the Australian dollar, but the day's mixed moves in commodities leave no clear read-through for feed grain prices.
fxcorp.com.auFX CorpOct 31, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
