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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.

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USD/CHF pushed higher, moving closer to the 0.9700 band as the dollar strengthened in the wake of better-than-expected US retail sales figures.
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