The Aussie was under stronger bullish sentiment against the Greenback on early Tuesday reports. The AUD/USD currency pair added 14 base points initially after the country’s retial sales report and managed to sustain gains, as the RBA announced its rate decision.
The Australain Bureau of Statistics reported that the country’s retail sales rose at a stronger-than-expected pace of 0.5% in October, following an upwardly revised 0.1% gain in the prior month. The most of contribution came from a stronger sales in eating out and clothing sectors. Later, the Reserve Bank of Australia stated that it kept its key interest rate unchanged at the historical low of 1.50%. The next move in the pair would be determined by the substantial GDP report on Wednesday.
