Currency Note Worldwide

Disappointing Australian retail sales

By Ricky Bean May 7th, 2015

The Australian dollar rose against its US counterpart on Wednesday, despite the release of weaker than expected retail sales figures; this was 0.3% in March, but experts had expected a gain of 0.4%, after a much higher gain the previous month.

The Canadian dollar also made some mid-week gains, capitalizing on the poor data realised from the US; this meant the USD/CAD rate hit 1.989 on Wednesday.

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