Aussie dollar slips back from two-year highs
Xinhua News Agency
SYDNEY, July 18 (Xinhua) -- The Australian dollar has fallen slightly lower against the greenback on Tuesday, after the local currency reached a two-year high.
At the Asian market open 07:00 (AEST), the local unit was trading at 77.98 U.S. cents, down from 78.10 U.S. cents on Monday.
After lower than expected retail sales data in the U.S on Friday, the American dollar was weakened on Monday, but overnight the greenback has began to firm slightly.
At 09:25 (AEST), the Australian dollar was buying 77.93 U.S. cents. Enditem