Economists expect Australian retail sales growth cooled slightly last month, though the 0.5 percent consensus sets up an eleventh consecutive monthly increase.
The Far East, led by Japan, will be responsible for price action in the currency markets for a full 36 hours to begin the week as the US and European markets take a holiday break.
The US dollar is stronger against ever major currency with exception of the Japanese Yen. Although it would be easy to attribute the dollar’s rally today to the 16 percent rise in new home sales and the sharp increase in durable goods orders excluding transportation, that attribution would not be entirely accurate.
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