AUD News

The value of retail sales in Australia was up a seasonally adjusted1.8 percent on month in January, the Australian Bureau of Statistics said on Monday - coming in at A$32.491 billion.

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Australia's gross domestic product expanded a seasonally adjusted 3.4 percent on quarter in the fourth quarter of 2021, the Australian Bureau of Statistics said on Wednesday.

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The jobless rate in Australia came in at a seasonally adjusted 4.0 percent in February, the Australian Bureau of Statistics said on Thursday.

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The Australian Dollar has strong fundamentals, but external influences are dominating for now. Will the strong economy be realised in the AUD/USD price?

Daily price is located in the primary bullish area of the chart above Ichimoku cloud: the price is on the secondary correction started 2-3 days ago by breaking 0.7455 support level to below for the correction to be continuing with 0.7253 target for the daily bearish reversal to be started.

Weekly price is located inside Ichimoku cloud by trying to break bullsh triangle pattern with 0.7539 resistance level to above for the primary bullish reversal to be started.

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Australia's central bank raised its key interest rate as inflation picked up more than expected largely due to supply-side disruptions.

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The total value of retail sales in Australia was up a seasonally adjusted 1.6 percent on month in March, the Australian Bureau of Statistics said on Tuesday - coming in at A$33.626 billion. For the first quarter of 2022, retail sales rose 1.2 percent on quarter to A$93.186 billion after jumping 7.9 percent in the three months prior.

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The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in April, the Australian Bureau of Statistics said on Thursday - in line with expectations and down from 4.0 percent in March.

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The manufacturing sector in Australia continued to expand in May, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 55.3.

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The value of construction work done in Australia was down a seasonally adjusted 0.9 percent on quarter in the first quarter of 2022, the Australian Bureau of Statistics said on Wednesday - coming in at A$55.663billion.

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The jobless rate in Australia came in at a seasonally adjusted 3.9 percent in May, the Australian Bureau of Statistics said on Thursday - unchanged from the April reading but above expectations for 3.8 percent.

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