Aussie drops amid decline of building permits retail slowdown

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Source: Bloomberg
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Australian national currency tumbled from almost 2-week high on government reports indicating building permits plunged in October while private consumption reduced. Building licenses declined by 10.7% in October on monthly basis. Aussie weakened against most of its 16 major peers giving up 0.6% against US dollar, reaching $1.0226 in Sydney morning trade. The pair currently is trading at $1.020.

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Thu, 01 Dec 2011 07:43:50 GMT

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