Australian Dollar slips versus greenback on retail sales data

Source: Bloomberg
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Aussie weakened against all its major counterparts after data showed country's retail sales unexpectedly contracted in April, stimulation pressure on RBA to cut interest rate in order to promote growth. Australian currency declined 0.5% versus US Dollar to USD 0.9796. New Zealand Dollar dropped 0.3% against greenback to USD 0.7604. Currently AUD/USD is trading at  USD 0.9798 and NZD/USD is trading at USD 0.7601. 
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