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A Busy Economic Calendar Puts the EUR and the Greenback Back in Focus

It was the 6 All 6 manufacturing sectors reported positive trading conditions. Machinery & equipment and textiles, clothing, footwear, paper, & printing products reported particularly buoyant conditions. The Aussie Dollar moved from $0.76104 to $0.76116 upon release of the figures that preceded retail sales and trade date. Retail Sales In February, retail sales fell by 0.8%, reversing a 0.5% rise from January. This was an upward revision to a prelim 1.1% decline in the month. According to the ABS, Food retailing fell 3%, while household goods retailing rose by 0.7%. Clothing, footwear, and personal accessory retailing increased by 1.6% in the month, with department store retailing climbing 2.2%. Cafes, restaurants, and takeaway food services retailing also increased, with sales rising by 1.1%.

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