Australian Dollar Slides on Weak Retail Data; Focus Turns to RBA Policy, US Jobs Figures
• AUD/USD drops below 0.6600 on downbeat Australian retail sales data and risk-off market sentiment • USD index remains around 103.50 ahead of US jobs data; Fed rate decision in focus • Fed expected to leave rates unchanged; rate cuts seen possible starting in May • Australian dollar weakens as retail sales decline; CPI data due Wednesday • Focus on Fed policy outlook, interest rate decisions, Australian inflation for direction