Asian Session – Aussie falls after weak retail sales report
Posted on February 6, 2013 at 7:14 am GMTThe Australian dollar fell sharply against the greenback in the Asian session Wednesday. AUDUSD dropped to a 2-1/2 month low of $1.0336 after weak local retail sales data strengthened the case of further interest rate cuts this year by the RBA. Aussie is down 0.7 percent from the US session levels. The euro held firm against the dollar, consolidation gains made yesterday when it rallied to $1.3596. EURUSD edged down slightly from late US session levels but still up from [..]