Australia's Dollar Is Up On Better-Than-Expected Figures

Photo:

The Australian dollar was trading 104.89 US cents, after data published at 11:30 today by the ABS showed that retail sales were way better than expected, soaring 1.3% in February.

The market was only expecting them to be 0.3%

Meanwhile, the ABS also put its building approval figures out. They were up 3.1%. That’s also better than expected.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.