According to Jin Shi data reports, Australia's retail sales in May increased by 0.2%, lower than the expected 0.5%. This data has prompted traders to strengthen their expectations that the Reserve Bank of Australia will cut interest rates as early as next week. Previous reports showed that economic momentum has weakened, including easing price pressures, an unexpected rise in unemployment, and cautious consumer sentiment. Traders expect three more rate cuts this year, with the earliest possible being next Tuesday.