The Australian Dollar (AUD) retraces its recent losses following the release of Australia’s Retail Sales and Private Capital Expenditure data on Thursday. However, recent Gross Domestic Product (GDP) data from the United States (US) has led financial markets to delay expectations for the Federal Reserve’s (Fed) first rate cut. This has provided some support for the US Dollar (USD), thereby weakening the AUD/USD pair. Australian Dollar received upward support as the S&P/ASX 200 Index recovered daily losses. However, the Aussie equity market opened lower as gains in the property sector are being offset by losses in the ... (full story)