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3 Sep 2013

Australian retail sales softer-than-expected

FXstreet.com (Barcelona) - Australian Retail Sales s.a. (MoM) for the month of July came below expectations at 0.1% vs projections for 0.4%, and flat growth in June. The indicator suggest the economy is still in a delicate situation.
Sep 3, 2013

AUD/USD rejected below 0.90 on worse than expected Aus domestic data

The AUD/USD foreign exchange rate is last quoted at 0.8996 off recent session highs at 0.9026 retracing on the back of lower than expected Australia retail sales for the month of July at +0.1% vs +0.4% expected, while Australian current account deficit widened to -9.4B when consensus was around 8.5B.
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