December witnessed the widest AUD/USD monthly range of the year (3.77 cents).
Turning 40: Charting the rise of China since reform and opening up
The NAB Rural Commodities Index fell 2.0% on a month on month basis in November, mirroring a 2.0% gain in October.
After rallying at the beginning of the month, AUD/USD mostly range-traded between 72 and 73 cents during the rest of November.
Total NAB customer spending grew 7.0% y/y in Q3 2018 – up from 5.6% in the previous quarter and 3.0% in the same quarter a year ago.
Initial indicators for Q4 suggest the economy continues to perform strongly towards the end of 2018.
Hands in pockets: Chinese consumers are confident but that doesn’t show up in retail sales data
A healthy growth outlook but some concerns about the consumer.
The NAB Rural Commodities Index rose 1.8% in October, following a 6.5% jump in September.
The AUD/USD continued its downtrend in October, reaching a fresh low of 0.7023 on the 26th of the month, a level not seen since February 2016.
In seasonally adjusted terms, at 0.3%, online retail sales slowed in September. The 12 months to growth rate is also slower.
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