Aussie falls after weak retail sales data

The Australian dollar fell against the greenback today, after the release of disappointing economic data, to shrug off the dominiting broad optimism about the trade talks.

Australian retail sales rose by 0.2% in October, lower than forecasts of a rise by 0.4%.

Riskier assets such as stocks rebounded today amid the broad optimism about the US-China trade talks.

The US Department of Commerce announced that US companies will obtain licenses to sell equipment and services to the Chinese tech giant Huawei, which means easing sanctions and paving the way for an end to the trade war.

The markets are awaiting the US and China determine the location of the signing of the first phase trade deal, after the White House revealed close contacts with Beijing.

As of 16:31 GMT, AUD/USD fell by 0.2% to 0.6896, with a high of 0.6926, and a low of 0.6893.