6th March 2014
The Australian dollar has gained on its US counterpart thanks to positive data from the nation.
As of 10:30 GMT, the AUD was up 0.66 per cent on the greenback at $0.9044. This follows data that revealed Australian retail sales grew 1.2 per cent in January, beating expectations of a 0.5 per cent rise.
AUD has also gained on the euro, rising 0.67 per cent to €0.6587. Meanwhile, against the pound it has increased 0.67 per cent to £0.5410.
Elsewhere in Forex trading, investors are awaiting the European Central Bank's policy statement, which is due for release later today.
It is expected to hold off cutting interest rates, but will take other action to counter low inflation levels.
The US dollar is currently unchanged against the Euro, while it is up 0.02 per cent on the pound and has risen 0.36 per cent on the yen.
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