The Australian dollar fell against its US counterpart ahead of US non-farm payrolls. The Aussie rose a bit versus the euro after yesterday’s big slumped that had followed the policy announcement from the European Central Bank.
Released today, retail sales data demonstrated an increase by 0.5 percent in October from September that has exceeded analysts’ expectations. Earlier this week, the Reserve Bank of Australia held interest rates steady, bolstering the Australia currency. The Australian economy grew 0.9 percent in the September quarter from the June quarter, also beating forecasts.
AUD/USD dropped from 0.7340 to 0.7309 as of 10:42 GMT today. EUR/AUD ticked from 1.4883 to 1.4858, reaching the high of 1.4959 — the highest rate since November 19.
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