
Minjun ParkFinance
Australian Retail Spending Climbs 7% as Stronger Dollar Eases Import Costs
Household spending rose 1.1 per cent in July while the Australian dollar climbed past 70 US cents, giving import-reliant merchants margin relief.
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Household spending rose 1.1 per cent in July while the Australian dollar climbed past 70 US cents, giving import-reliant merchants margin relief.

The 25 basis point increase pushes borrowing costs to a 15-year high just ahead of the peak Black Friday and Christmas shopping period.
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