Aussie ascends, kiwi stands still against greenback
On Thursday, the Australian dollar went up against its American counterpart, despite the issue of downbeat retail sales data from Australia. Meanwhile, the New Zealand dollar stood still as the US dollar remained mildly backed by positive US employment data.
The currency pair AUD/USD gained 0.16%, trading at 0.7601.
Earlier the Australian Bureau of Statistics reported that in June, retail sales soared 0.1%, thus disappointing expectations for a 0.4% surge, after a 0.2% revenue.
On a quarterly basis, retail sales grew by about 0.4% for the three months to June, which is below expectations for a 0.5% leap.
The currency pair NZD/USD kept to 0.7158.
The major American currency regained some ground after payroll processor ADP told on Wednesday that last month American private sector added up to 179,000 jobs, thus surpassing expectations for a surge of 170,000.
In June, the economy managed to generate about 176,000 jobs in June, and this figure got revised from a previously reported soar of 172,000.