Aussie stands still, Kiwi slides in late trade

Aussie stands still, Kiwi slides in late trade

On Monday, the Australian dollar didn’t change versus its American rival, while the New Zealand dollar declined notwithstanding the publication of positive local retail sales data because dismal economic reports from China affected risk sentiment.

The currency pair AUD/USD stood still sticking to 0.7892.

The US currency mildly revived from losses reported on Friday right after the US Commerce Department informed that the previous month consumer prices rallied less-than-expected. A separate report issued yesterday demonstrated that producer price inflation along with its core reading both suddenly sagged in July.

The poor data was observed due to a lowering likelihood that the key US bank will stick to its plans for a third interest rate lift in 2017.

The currency pair NZD/USD went down 0.15% being worth 0.7309.

On Monday, New Zealand’s statistics revealed that retail sales grew by 2% during the second quarter, surpassing expectations for a 0.7% leap.

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