Markets

Aussie dollar slips on disappointing retail sales data

Published May 6, 2013 Updated May 6, 2013 05:26am

SYDNEY: The Australian dollar slipped a quarter of a US cent on Monday following a surprise fall in retail sales in March, encouraging markets to narrow the odds of further easing by the Reserve Bank of Australia later this week.

The Aussie fell to a session low of $1.0270 and was last trading at $1.0285.