AUD/USD drops below 0.8670, 3-day low
Topic: AUD/USD drops below 0.8670, 3-day low
FXStreet (Córdoba) - AUD/USD dropped from 0.8680 to 0.8647, hitting the lowest since last Tuesday after the release of US economic data. The pair rebounded and it was trading at 0.8664, down 0.59% for the day.
USD up after data
During October retail sales rose 0.3%, above the 0.2% expected; excluding autos, retail sales climbed 0.3%. The US dollar gained momentum across the board after the report while the aussie was the most affected among commodity currencies.
AUD/NZD dropped to 3-week lows after the report below 1.1050 while AUD/CAD trimmed weekly gains and fell from 0.9885 to 0.9840.