The Australian dollar fell today, posting the fourth day of losses against its US counterpart, after the report showed an unexpected drop of the Australian retail sales.
Australian retail sales fell 0.5 percent in March, after the four month of increases, including the rise by 0.8 percent in February. Forecast promised a growth by 0.6 percent. The decline of sales shows that the Australian consumers remain cautious in their spending and unsure about their economic future.
AUD/USD fell from 1.0745 to 1.0662 and EUR/AUD jumped from 1.3791 to 1.3917 today as of 9:58 GMT.
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