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Australian Dollar Falls After Retail Sales Miss Expectations

July 4, 2019 at 11:34 by Vladimir Vyun

Australian coins and banknotesThe Australian dollar dropped today after retail sales rose less than was expected.

The Australian Bureau of Statistics reported that retail sales rose 0.1% in May from April after falling at the same rate in the previous month. Market participants were counting on a slightly bigger increase by 0.2%.

AUD/USD slipped from 0.7028 to 0.7023 as of 11:33 GMT today, retreating after the rally to the daily high of 0.7047. EUR/AUD gained from 1.6042 to 1.6070.

If you have any questions, comments, or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

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