During the Asian session on Monday, the Australian dollar slipped against its U.S., Japanese and Canadian counterparts after a report showed that nation's retail sales dropped unexpectedly in December.
Retail sales in Australia eased a seasonally adjusted 0.1 percent on month in December, the Australian Bureau of Statistics said today, standing at A$20.884 billion.
That missed forecasts for an increase of 0.2 percent following the upwardly revised gain of 0.1 percent in November - which had an original reading of a flat performance.
Meanwhile, the latest survey from the ANZ Banking Group revealed that the total number of job advertisements in Australia climbed 6.0 percent on month in January.
That easily erased the 0.9 percent contraction in December, and it also marked the largest increase since February 2010.
According to TD Securities, an index measuring consumer prices in Australia was up 2.2 percent on year in January - down from the 2.4 percent increase in December.
On a monthly basis, inflation added 0.2 percent after collecting 0.5 percent in December.
The aussie fell to 1.0724 against the greenback and 82.08 against the yen, compared to Friday's close of 1.0771 and 82.49, respectively. On the downside, the aussie may target 1.06 against the greenback and 81.5 against the yen.
Against the loonie, the aussie reached a 5-day low of 1.0669 with 1.06 seen as the next downside target level. The pair is now quoted at 1.0677, compared to 1.0706 hit late New York Friday.
Eurozone Sentix investor confidence index for February and German factory orders for December are expected in the European session.
At 10:00 am ET, Canada's Ivey PMI for January is set for release.
For comments and feedback contact: editorial@rttnews.com
Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.