Aussie dollar slips after retail sales

Tue Nov 3, 2009 7:40pm EST
 
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SYDNEY, Nov 4 (Reuters) - The Australian dollar AUD=D4 slipped on Wednesday after September retail sales came in below expectations, prompting investors to price in less chance of an interest rate rise in December.

The Aussie eased to as low as $0.8980, from $0.9032 before the data.

December interbank futures <0#YIB:> reversed earlier losses to rise 0.01 point to 96.38, giving an implied rate of 3.6 percent. That meant investors saw a 48 percent chance of an interest rate rise next month. (Reporting by Koh Gui Qing)

 

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