The Australian dollar rallied today as the positive macroeconomic data led to speculations that the Reserve Bank of Australia would leave its interest rates unchanged at the policy meeting next week.
Australian retail sales rose 1.0 percent in June, month-on-month. The increase was above the expected change of 0.6 percent and the revised May advance of 0.8 percent. The trade balance posted the surplus of A$ 9m in June. That is not big, but much better that the promised increase of a deficit to A$ 360 million from $ 322 million in May.
AUD/USD advanced from 1.0459 to 1.0511 and AUD/JPY edged up from 82.00 to 82.19 as of 10:40 GMT today.
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