The Australian dollar marked a third-straight day of losses against the world's reserve currency on Thursday amid growing confidence the U.S. will cease stimulus measures later this year, according to Bloomberg.
The U.S. is preparing to release labor market data on Friday, which analysts and economists polled by the news service anticipate will be strong. That would help the Fed's decision-making process regarding debt purchases. The Aussie fell against each of its 16 major rivals, which included diving to its lowest value since 2009 against the New Zealand dollar.
But the South Pacific nation released strong retail sales data on Thursday. The metric from November climbed 0.7 percent from the month prior, trumping the 0.4 percent rise forecast by Bloomberg-polled economists.
"Retail sales surprised to the upside yet again," states a Thursday client note authored by head of Australian economic and fixed-income strategy Su-Lin Ong with Royal Bank of Canada in Sydney, according to Bloomberg. "The odds are that sales finished 2013 on a firm note."
The Aussie fell roughly 0.3 percent against the U.S. dollar on Thursday.
A strong private-sector jobs report released on Wednesday in the U.S. bodes well for the Friday release of U.S. Labor Department employment data, according to the Wall Street Journal.
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