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Forex - Aussie down on weak retail sales, trade a bright spot

Aussie down on weak retail sales - The Aussie weakened on Thursday in Asia after disappointing retail sales, though trade data provided a bright spot.

In Australia, retail sales fell 0.1%, missing an expected 0.4% gain and down for the first time since May last year as food retailing showed no growth and household goods retailing fell for the first time since March. The trade balance for July came in at A$2.460 billion, better than the A$3.1 billion seen and compared to a deficit of A$2.93 billion in June.

Earlier, the August AIGroup services index came in at 55.6, above last month's 54.1 level.

In Japan...