Aussie dips on policy views, shrugs off retail sales
The Aussie dipped on Friday after a central bank view on the economy dimmed upbeat retail sales with the dollar under pressure on a report of stepped up legal activity into allegations Russia colluded to interfere in the U.S. elections.
Earlier, Japan reported average cash earnings for June slumped 0.4%, compared with a 0.6% gain seen on year.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.01% to 92.69.
Overnight, the dollar hit session lows against a basket of global currencies, on the back of a report that the special counsel overseeing the Russia investigation, has impaneled a grand jury in Washington, to investigate Russia interference in the 2016 elections, The Wall Street Journal reported Thursday.
Mr Mueller's move to empanel the grand jury is a sign that his probe is intensifying and could stretch "for months," according to the newspaper.
This latest development in the Russia saga is likely to add to recent political uncertainty in Washington after The Senate, earlier in July, rejected an amendment to roll back parts of Obamacare.