Australia dollar halted gains as the nation's retail sales fell more than expected in 1Q and as traders waited for the Reserve Bank's policy decision later in the day.
AUD/USD was little changed at 0.6624, after rising as much as 0.3% intraday. Local exporters had been buying Aussie since Friday's weak US jobs data battered the greenback, Asia-based FX traders said.
Australia's hotter-than-expected inflation and tighter-than-anticipated job market have put a rate hike back on the table, but the Reserve Bank of Australia is unlikely to deliver one, according to Bloomberg Economics.
The Bloomberg Dollar Spot Index rose 0.1% while Treasury 10-year yields were steady at 4.49%.
USD/JPY added 0.3% to 154.39 after Japan's top currency official Kanda said the government doesn't need to intervene if markets are orderly.
Source : Bloomberg
