Australia’s January Retail Sales rose 0.2% month-on-month, higher than the expected -0.6%…. Thanks to the Govt hand-outs.
Q4 Current account deficit came in better than expected as well at $A6.49 Bio. Consensus was for 6.9 Bio.
Australia’s net export impact on Q4 GDP +1.5%, once again much better than the expected +0.1%. This is a great boost to GDP, number out tomorrow.
AUDUSD saw a brief jump to 6313 but straight back to just under 63c.
The ASX200 is up off its lows by 40 points.
