Aussie declines for first session in five versus greenback

Australian dollar tumbled in Asian trade off August 9 highs for the sixth session out of ten versus its US counterpart, ahead of US retail sales and industrial data later today. 

As of 03:52 GMT, AUD/USD fell 0.57% to 0.7186, with an intraday low at 0.7179, and a high at 0.7229. 

Now investors await retail sales data, expected with a 0.2% increase in November, slowing down from 0.7% in October, while core sales are estimated with a 0.1% addition, slowing down as well to 0.8%. 

Industrial output is expected with a 0.3% increase, accelerating from 0.1%, while the capacity utilization rate is estimated to be up to 78.6% from 78.4%. 

The manufacturing PMI is estimated to be down to 55.1 from 55.3 in November, while the services PMI are expected with no change at 54.7.