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Vaibhav27 predicted bullish impact of Retail Sales s.a. in the Fundamental analysis Contest

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engabood predicted bearish impact of Retail Sales s.a. in the Fundamental analysis Contest

Retail Sales is a key indicator of consumer spending. It shows the total value of inflation adjusted sales at the retail level.
Retail sales in Australia declined to -0.1% in the last month. The retail trade is weak as the recent result pointed to the first monthly decrease since April, So the impact will be bearish for AUD currency, but the indicator maybe correct up to value around 0.3% after the strong decrease from positive to negative levels.
I expect bearish impact on AUD/USD.

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