Aussie falls against Greenback amid weak retail sales

Source: WBP Online
© Scanpix/AFP
The Australian Dollar continued to slide against the US Dollar on disappointing consumer spending data and slump in prices of iron ore. The Aussie dropped 0.8% to $0.7571 by 7:45 AM GMT, which is the three-month low, however, above the six-year low of $0.7533. Retail sales in Australia increased by 0.3% in May, compared with the expectation of 0.5%, and the April figure was revised to a 0.1% decrease. 
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