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[Felix Homogratus]

Australian Retail Sales comes out once per month.

As the name suggests, this economic indicator measures the amount of money consumers spent in stores, restaurants, movies, and other retail outlets. Then the amount is measured against the amount for previous month, and a percentage is derived of whether it's more or less. If the retail sales this month are higher than previous month, the percentage number is positive. If the retail sales this month are lower than previous month, the percentage number is negative.

Strong retail sales means healthy economy and confident consumers. This also means that most likely inflation is going to pick up, and the government will be forced to raise interest rates. And when a country has high interest rates, there is much more interest to invest into their currency, so the demand for currency increases, and subsequently, the currency goes up.

This means that higher than expected number in retail sales is good for Australian dollar, and thus AUD/USD will have a tendency to go up. Lower than expected number is bad for Australian dollar, and thus AUD/USD will have a tendency to go down.

This indicator is released by Australian Bureau of Statistics. You can visit their website through this link: Australian Bureau of Statistics

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