AUD/USD higher after November retail sales

<p>The data is here, the 2% m/m is the biggest in 2 years:</p><ul><li><a href="https://www.forexlive.com/news/australian-november-retail-sales-20-mm-expected-12-20240109/" target="_blank" rel="follow" data-article-link="true">Australian November Retail Sales +2.0% m/m (expected +1.2%)</a></li></ul><p>Sales for the month hit AUD 36.5bn. This is a record high. High inflation, and strong population growth have played a part in this, of course.</p><p>Still, AUD/USD catching a bid, showing some outperformance:</p><p>I suspect it'll be fleeting, AUD is being shoved around by global developments more than local data. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.