The Australian Dollar (AUD) was relatively calm given the large data releases and sharp moves in US stocks. The RBA held at 4.75% as forecast and offered little clues as to the future. January Retail Sales were strong at 0.4% vs. 0.3% forecast m/m. Overall the AUD/USD traded with a low of 1.0121 and a high of 1.0204 before closing the day at 1.0140 in the New York session. Update Q4 GDP at 0.7% vs. 0.6% forecast Q/Q.
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