Aussie jumps as retail sales expand at fastest rate in 7 months

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Source: Bloomberg
The Australian Dollar increased on Monday recording its largest climb in a two-week period after a government report revealed that retail sales in the country accelerated at the fastest rate in seven months signaling no further rate cuts by the RBA. The so-called Aussie added 0.5% to 94.88 U.S. cents as of 5:02 p.m. Sydney time, while the Kiwi Dollar traded at 82.72 U.S. cents.

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Mon, 04 Nov 2013 09:29:09 GMT

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