Aussie drops on weaker retail sales - News - Dukascopy Bank

Mon, 06 Feb 2012 08:30:09 GMT
Source: Bloomberg
 
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Australian currency depreciated after government report posted an unexpected drop in nation retail sales, boosting investor predictions Reserve Bank of Australia will be forced to cut interest rate tomorrow. Aussie weakened 0.5% against US Dollar to USD 1.0720 while its New Zealand peer dropped 0.6% to USD 0.8306. Currently USD/AUD is trading at USD 1.0718 while NZD/USD is trading at USD 0.8305. 

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