The Aussie rose despite the statistics. Overview for 05.02.2019

On Tuesday morning, AUDUSD is trading upwards; the RBA’s decisions were neutral, but the statistics were negative. 

The Australian Dollar is growing against the USD on Tuesday morning. The current quote for the instrument is 0.7261. 

The first meeting of the Reserve Bank of Australian in 2019 was over today morning. The benchmark rate remained unchanged, at 1.50%, just as expected. On several occasions in the past, the Australian regulator said that the time for rate hike hadn’t come yet, because its value was okay with the current economy and financial system of the country.

The RBA has several issues that require constant attention. First of all, the inflation and the consumer demand. Secondly, external factors, such as trade talks between the USA and China. Everything, which has anything to do with China, is connected to Australia as well, because China remains Australia’s key trade and economic partner. 

The numbers from Australia published in the morning weren’t too positive. The Retail Sales lost 0.4% m/m in December after adding 0.5% m/m the month before. By the way, the indicator wasn’t expected to change. It means that the consumer demand is decreasing and may later have negative influence on the industrial production, new orders, and the GDP.