Investing.com - The Australian dollar slid lower against its U.S. counterpart on Monday, after the release of disappointing economic reports out of Australia, although Friday's upbeat U.S. jobs data continued to support.
AUD/USD hit 1.0272 during late Asian trade, the session low; the pair subsequently consolidated at 0.8537, shedding 0.41%.
The pair was likely to find support at 1.0243, the low of May 3 and resistance at 1.0323, the high of May 3.
Official data showed that retail sales in Australia fell 0.4% in March, disappointing expectations for a 0.2% rise, after an increase of 1.3% the previous month.
A separate report showed that Australian job advertisements declined 1.30% in April, after a 0.50% fall the previous month.
Sentiment was boosted on Friday by data showing that the U.S. economy added 165,000 jobs in April, above expectations for an increase of 145,000, while job increases for the previous month were revised up to 138,000.
The U.S. unemployment rate unexpectedly fell to a four-month low of 7.5% from 7.6% in March.
The Aussie was lower against the euro with EUR/AUD rising 0.32%, to hit 1.2757.
AUD/USD hit 1.0272 during late Asian trade, the session low; the pair subsequently consolidated at 0.8537, shedding 0.41%.
The pair was likely to find support at 1.0243, the low of May 3 and resistance at 1.0323, the high of May 3.
Official data showed that retail sales in Australia fell 0.4% in March, disappointing expectations for a 0.2% rise, after an increase of 1.3% the previous month.
A separate report showed that Australian job advertisements declined 1.30% in April, after a 0.50% fall the previous month.
Sentiment was boosted on Friday by data showing that the U.S. economy added 165,000 jobs in April, above expectations for an increase of 145,000, while job increases for the previous month were revised up to 138,000.
The U.S. unemployment rate unexpectedly fell to a four-month low of 7.5% from 7.6% in March.
The Aussie was lower against the euro with EUR/AUD rising 0.32%, to hit 1.2757.