Western Union:
A forgettable night for Australia's economy weighed on the Aussie dollar which tumbled from its loftiest level in more than a week. A pair of worrisome readings on the Down Under economy revived expectations that interest rates may have further room to fall.
Retail spending unexpectedly flat lined in April with a zero reading compared to forecasts of a 0.4% gain. And Australia's trade deficit tripled to a record A$3.89 billion as exports sank 7.4% and imports jumped 5%.
Commentary
AUD review
Western Union:A forgettable night for Australia's economy weighed on the Aussie dollar which tumbled from its loftiest level in more than a week. A pair of worrisome readings on the Down Under economy revived expectation…
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