Australian dollar remains above 93 US cents
THE Australian dollar remains above 93 US cents following last week’s disappointing batch of US economic data.
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THE Australian dollar remains above 93 US cents following last week’s disappointing batch of US economic data.
At 0630 AEST on Monday, the local currency was trading at 93.16 US cents, down from 93.27 cents on Friday.
Weekly claims for US unemployment benefits rose by 21,000 to a seasonally-adjusted 311,000, the US Labor Department said.
US retail sales also disappointed.
July sales were virtually unchanged from June, up just 0.1 per cent, official figures showed.
Originally published as Australian dollar remains above 93 US cents
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