The Australian retail sales fell 4.2% in December, a sharp decline after the rise of 7.1% experienced in November and the increase of 1.4% seen in October.
This is the biggest drop registered by the indicator since last April, in the middle of the first wave of the pandemic, when retail sales plunged 17.7%.
AUD / USD reaction
He Australian dollar has lost ground after the publication, falling more than 35 pips in the following hours until falling to 0.7731, its lowest level in two days. At time of writing, AUD / USD is trading above 0.7185, shedding 0.23% on the day.
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