In currencies, the Australian dollar fell following a sharp drop in retail sales in August. Australia’s imports were also flat from the previous month, another sign of a sluggish domestic economy.
The Australian dollar was last at $0.7833 from $0.7856 before the data release. Its value could be further affected if the U.S. dollar continued its climb, said Stephen Innes, a senior trader at Oanda.
“It is becoming somewhat apparent that the Aussie is one of the currencies with the most to lose on the stronger USD narrative,” said Mr. Innes.