Aussie slips on fresh data

Source: WBP Online
The Australian Dollar retreated against the Greenback, after Reserve Bank of Australia reported a decrease in the private sector credit growth rate and better-than-expected U.S Gross Domestic Product numbers were released yesterday. The private sector credit growth rate declined in July to 0.4%, from 0.7% in June, slightly falling behind experts' forecast of 0.5%. The personal and business credit grew by 0.2% and 0.3% respectively. The Aussie slipped by 0.06% to $0.9347.

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