Australian dollar slides

Dollar26The Australian dollar is lower after US stocks fell almost one per cent, amid worries about US-China trade relations and the release of disappointing US retail spending figures.

At 0635 AEST on Tuesday, the local currency was worth 74.73 US cents, from 75.18 US cents on Tuesday.

US stocks fell after the latest retail sales data showed spending was growing at a slower rate, while trade worries lingered with no signs of progress in US-China talks.

One Australian dollar buys 82.46 Japanese yen, from 82.58 yen and 63.11 euro cents, from 63.01 euro cents.

AAP

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.

 

Comments

Comment Manually

Loading...

Inside Retail Polls

Myer's new chief executive
Is John King the right CEO to lead Myer's turnaround?

Inside Retail Directory

Twitter

Westfield deal receives crucial approval. https://t.co/hvEpAD3KPL

12 hours ago

Cosmetics company Revlon appoints first female CEO after 86 years in the business. https://t.co/amlEejSfm7 https://t.co/w4BoK84Obu

14 hours ago

Alford no longer a substantial holder in RFG. https://t.co/uKAJa0oKHH

17 hours ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered