­čÄÖ´ŞĆ FX Talk | Get updated on what's happening on the financial markets in 20 min. listen here.

How the AUD will react to the strength of retailers

  • Go back to blog home
  • Blog
    Blog|Currency Updates
    Blog|In The News
    Blog|International Trade
    Charities & NGOs
    Currency Updates
    Currency Updates|In The News
    In The News
    In The News|Press
    International Trade
    Press
  • Latest

21 February 2023

Written by
madelineloughma

How the AUD will react to the strength of retailers

Walmart’s dominant market position makes it a gauge of retail strength, and James Swerling of Ebury notes that sales are expected to reach 4% higher y/y, healthy but lagging on inflation.

Walmart’s┬áweak guidance may be a portend of slowing growth ahead and perhaps a more dovish Fed.

Australian services PMI remains negative, but not negative enough, with Europe looking to become the new stronghold, particularly for services as a mild winter ends. The EURUSD has been seen breaking above 1.10 in the short to medium term.

Watch full interview here:

SHARE