Why Is This Event Important: Retail spending in Australia is projected to increase another 0.3% during the month of February, and the ongoing expansion in private sector consumption may push the AUDUSD higher over the next 24-hours of trading as it dampens bets for another rate cut. As the Reserve Bank of Australia (RBA) keeps the benchmark interest rate at 3.00%, a positive print may encourage the central bank to drop its dovish tone for monetary policy, but Governor Glenn Stevens may keep the door open to lower borrowing costs further as the region faces an uneven recovery. Recent Economic Developments The pickup ... (full story)