Aussie gets a lift on retail sales data, awaits RBA rate views

07.04.2015 / 06:12

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The Aussie rebounded on Tuesday on better-than-expected retail sales and ahead of the latest central bank policy review and the yen strengthened as the Bank of Japan began a two-day policy meeting.

The RBA policy statement later in the day will set the tone for the Aussie with views mixed on the prospects for a 25 basis point rate cut from a record low 2.25%, though consensus sees stable rates.

Also in Australia, the AiGroup services index for March fell 1.5 points to 50.2, after exapnding for the first time in 12 months in February.

February retail sales rose 0.7%, well above the 0.4% gain seen, but and March ANZ job ads fell 1.4%, failing to make 10 increases in a row

Overnight, the U.S. dollar rallied sharply against the euro on Monday, reversing previous losses after strong services data improved outlook for traders following Friday's disappointing U.S. jobs report.

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Aussie gets a lift on retail sales data, awaits RBA rate views

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