On Friday morning, the AUD/USD pair is trading on the downside - in general, the whole week was turbulent for the “Aussie.”
The Australian dollar is falling on Friday morning after rising the previous day. The whole first week of December was dynamic and active for the Aussie - constantly changing the direction of motion, but, nevertheless, the AUD/USD pair is holding near the highs of October. The current quotation of the instrument is 0.7315.
Statistics were released today, according to which the retail sales in Australia at the end of October were up 0.5% m/m against the level of 0.4% in September. Yearly the index rose by 3.9%. This is a good report, which was subsequently able to support the Australian dollar.
The component release notes that the main support came from sales in supermarkets. In the second place are sales in the shops with the format of "for the home." At the same time attention is drawn to a reduction in sales in cafes and restaurants (-0.6%) and clothing/footwear (-0.1%).
At the moment, the Australian dollar did not react to the statistics - all the investors' attention is focused on what is happening in the euro/dollar and oil. Today, the market tension will continue, ahead is the OPEC meeting and the block of statistical data on the US labor market for last month.
RoboForex Analytical Department
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