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AUD/USD retreats form 0.8750

FXStreet (Córdoba) - Despite the decline of the US dollar against European currencies, AUD/USD retreat during the American session, trimming gains.

The pair bottomed during the Asian session at 0.8644 and then rose sharply. The recovery was capped by 0.8750 and then pulled back. Recently the pair printed a fresh session low at 0.8710 and currently trades at 0.8720/25, up 0.33% for the day.

Earlier the retail sales report from Australia showed an increase of 1.2% surpassing expectations while export and imports also rose above expectations. Afterwards the central bank left rates unchanged as expected.

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