Australia Retail Sales s.a. (MoM) came in at -0.5%, below expectations (0%) in May

FXStreet.com (Barcelona)

Jul 3, 2014

Why the AUD fell like a knife after RBA Stevens?

RBA Governor Stevens has caused a big sell-off in the Aussie, with sellers stepping in while buyers rushed to the exits given the turn of events, wit Stevens back to a dovish mode.

Australia Retail Sales s.a. (MoM) came in at -0.5%, below expectations (0%) in May

Why the AUD fell like a knife after RBA Stevens?

Australia Building Permits (MoM) above forecasts (3.1%) in May: Actual (9.9%)