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Australian Dollar Weakens as Retail Sales Data Misses Estimates

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Dec. 1 (Bloomberg) -- 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

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