Australian Dollar (AUD) the AUD/USD grinded higher but since we already close to resistance it was hard work towards 1.0800 overnight. January Retail Sales came out at 0.3% m/m as expected and helped the pair push above 1.0800 in Asia trade Wednesday. Looking ahead, January Consumer Credit forecast at 0.2bn vs. -0.4% previously. Also Q4 CAPAX forecast at 3.2% vs. 12.3% previously.
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