Aussie Weakens as Retail Sales Miss Estimates, Building Permits Decline

Australia’s dollar weakened after reports showed retail sales growth was less than forecast and building approvals declined.

The currency traded at $1.0226 at 11:33 a.m. in Sydney from $1.0245 before the data was released and $1.0283 in New York yesterday when it rallied 2.8 percent.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.