Australian economic data were no more abundant than usual. Investors had to make what they could of a -1.5% monthly fall in new vehicle sales and a 6.4% improvement in Westpac's index of consumer confidence. The Aussie took a bit of stick after the Reserve Bank of Australia published the minutes of its last monetary policy meeting. They showed that the central bank board is still inclined towards lower rates, even though few analysts seriously expect another cut.

Meanwhile the US dollar and the British pound were doing well. Investors were buying the Greenback because they were selling the dollar and they were buying sterling because of an unexpected jump in UK retail sales.

In the end the Aussie lost one and a third US cents and fell by more than two cents against the pound. The Aussie was down by half a cent against the Kiwi.