$A falls after weak retail figures

The Australian dollar has fallen, following the release of disappointing domestic retail trade data.

At 1200 AEST on Monday, the currency was trading at 76.43 US cents, down from 76.60 cents on Friday.

Earlier on Monday, the dollar reached a high of 76.77 US cents.

But it fell after official figures showed that Australian retail spending was flat in February, missing economists' expectations.

OANDA Australia and Asia Pacific Stephen Innes said the currency had been outperforming recently, anyway.

He said the dollar also faced renewed downward pressure from lower oil prices following Saudi Arabia's pledge not to cut production unless other major producers also do so.

And, Mr Innes warned, the hard commodity rally, including iron ore, also seemed to have fizzled out.

KEY MOVEMENTS:

One Australian dollar buys:

* 76.43 US cents, from 76.60 cents on Friday

* 85.13 Japanese yen, from 85.98 yen

* 67.02 euro cents, from 67.30 euro cents

* 110.91 New Zealand cents, from 111.01 NZ cents

* 53.70 British pence, from 53.41 pence

Government bond yields:

* CGS 5.25pct March 2019, 1.873pct, from 1.941pct on Friday

* CGS 4.25pct April 2026, 2.463pct, from 2.527pct

Sydney Futures Exchange prices:

* June 2016 10-year bond futures contract, was at 97.540 (implying a yield 2.460 per cent), up from 97.475 (2.525 per cent) on Friday

* June 2016 3-year bond futures contract, at 98.140 (1.860 per cent), up from 98.080 (1.920 per cent)

(*Currency closes taken at 1700 AEDT previous local session, bond market closes taken at 1630 AEDT previous local session)

Source: IRESS

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.7675+0.0009+0.12%
    AUDUSD=X
    0.5901+0.0017+0.29%
    AUDGBP=X
    0.6845+0.0013+0.19%
    AUDEUR=X