Aussie dollar dives following RBA’s about-face on interest rates

In news that will probably disappoint Australian overseas travellers, the value of Australian dollar has had one of its biggest single-day falls in two years in reaction to a speech made by the Reserve Bank’s Governor.

Christmas shopping sales fall amid flat wages growth

Retail sales results of the biggest month of the year for shops have revealed spending fell considerably, led by falls in purchases of household goods, clothing and footwear.