Australian August retail sales +0.7% m/m (expected +0.4%) ...Middle East

Retail sales in Australia bouncing in August, well above estimates:Building approvals headline fell further than forecast. The retail sales number is the focus, indicating resilient household spending. This will be an argument against RBA rate cuts any time soon. -- This article was written by Eamonn Sheridan at www.forexlive.com.

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