SYDNEY, Nov 4 (Reuters) - The Australian dollar slipped on Wednesday after September retail sales came in below expectations, prompting investors to price in less chance of an interest rate rise in December.
The Aussie eased to as low as $0.8980, from $0.9032 before the data.
December interbank futures reversed earlier losses to rise 0.01 point to 96.38, giving an implied rate of 3.6 percent. That meant investors saw a 48 percent chance of an interest rate rise next month.
(Reporting by Koh Gui Qing)
((Guiqing.Koh@ThomsonReuters.com; Reuters Messaging; guiqing.koh.reuters.com@reuters.net; +61 2 9373 1821))
Keywords: AUSTRALIA ECONOMY/FOREX (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Aussie eased to as low as $0.8980, from $0.9032 before the data.
December interbank futures reversed earlier losses to rise 0.01 point to 96.38, giving an implied rate of 3.6 percent. That meant investors saw a 48 percent chance of an interest rate rise next month.
(Reporting by Koh Gui Qing)
((Guiqing.Koh@ThomsonReuters.com; Reuters Messaging; guiqing.koh.reuters.com@reuters.net; +61 2 9373 1821))
Keywords: AUSTRALIA ECONOMY/FOREX (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.