AUD review

Western Union:

A forgettable night for Australia's economy weighed on the Aussie dollar which tumbled from its loftiest level in more than a week. A pair of worrisome readings on the Down Under economy revived expectations that interest rates may have further room to fall. 

Retail spending unexpectedly flat lined in April with a zero reading compared to forecasts of a 0.4% gain. And Australia's trade deficit tripled to a record A$3.89 billion as exports sank 7.4% and imports jumped 5%.