The Australian Dollar declined against the US Dollar during Asian trading below 0.6200 levels.
The Australian Dollar extended losses for the third consecutive day, with the pair close to two year lows, following in line with expectations inflation data coming out of China, Australia’s most important trading partner. In Australia, Monthly Retail Sales for November (1.0% exp) and Trade Balance data for November (5.620 bln exp) will be posted (01:30 GMT). In the US, Fed Member Bowman will speak (18:35 GMT) and the Fed’s Balance Sheet (6,852 bln exp) will be released (21:30 GMT).