The AUD/USD pair is trading near a fresh one-week low set during the US session at 0.6735, losing ground ever since the day started. China released July Retail Sales, which were up by 7.6% YoY, below the expected 8.6%. Industrial Production in the same period rose by 4.8%, missing the market’s forecast of 5.8%. The disappointment dented demand for the Aussie, despite Australian data was better-than-expected. The Westpac Consumer Confidence improved to 3.6% in August from -4.1% in July, while the Wage Price Index rose by 0.6%, slightly better than the 0.5% expected and previous. The decline was a result of renewed ... (full story)