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Forex pairs in this Article » AUD/USD, EUR/AUD (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that Australian retail sales fell 0.2% in December, after a 0.2% fall in November and below expectations.

He writes, "Coming after a relatively dovish RBA statement yesterday, this has dragged AUDUSD closer to the bottom of its 1.03-1.06 range, despite the US equity bounce. AUD always looks awful at the bottom of its range, but if we break below 1.03 a move to parity is possible and the EURAUD chart looks pretty compelling for a spike to 1.35."
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