The Australian Dollar increased against the US Dollar during European trading above 0.6190 levels.
The Australian Dollar gained some ground back after extended losses for the third consecutive day, with the pair close to two year lows, following in line with expectations inflation data coming out of China, Australia’s most important trading partner. In Australia, Monthly Retail Sales for November were released today showing worse than expected results (0.8% vs 1.0% expected). On the other side, Australian Trade Balance data for November came out better than expected at 7.079B vs 5.620B expected. In the US, Fed Member Bowman will speak (18:35 GMT) and the Fed’s Balance Sheet (6,852 bln exp) will be released (21:30 GMT).