Australian Dollar Falls After Retail Sales Miss Expectations

The 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.

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