The Australian dollar fell against its major rivals today after the release of mixed economic data from Australia. Now, traders wait for monetary policy decision of the Reserve Bank of Australia.
Building approvals rose 3.1% in February from January on seasonally adjusted basis, exceeding the consensus forecast of 2.1%. Seasonally adjusted retail sales showed no change in February while analysts had expected at least some growth.
The RBA will make its policy decision on Tuesday, though experts do not expect any change.
AUD/USD fell from 0.7670 to 0.7631 as of 11:54 GMT today. EUR/AUD gained from 1.4859 to 1.4902.
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