Forex Flash: Australia retail sales to be AUD sensitive - NAB

According to NAB strategists, the RBA will ease further, "given the outlook for weak growth and rising unemployment" the bank says.

"On today’s retail trade numbers, NAB expects to be AUD sensitive: "The market expects 0.3% for both (NAB forecasts weaker at +0.2% for Q4 and -0.2% for December), so anything weaker than this on either count should see a re-test of 1.04; on appreciably better than expected data, the 1.0458 Tuesday high may be revisited" NAB notes.