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.


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