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Australia: November Retail Sales disappoint at -0.1%

By FXstreet.com,  January 08, 2013, 07:37:00 PM EDT

FXstreet.com (San Francisco) - An Australian statistics bureau reported Wednesday that seasonally adjusted Retail Sales fell 0.1% in November 2012 versus a consensus forecast of 0.4% growth, following a practically flat reading in October 2012 (0.0%) and a rise of 0.4% in September 2012. The Australian dollar is responding negatively to the news, now trading under pressure against its major trading counterparts.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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