SYDNEY: The Australian dollar gained in early Asia on Thursday with retail sales ahead and a focus overall on concerns Greece will be unable to reach agreement on restructuring its sovereign debt.
AUD/USD traded at 0.7758, up 0.08%, while USD/JPY changed hands at 117.27, flat. EUR/USD traded at 1.1339, down 0.05%.
Late Wednesday, the European Central Bank abruptly cancelled its acceptance of Greek bonds in return for funding. The move means the Greek central bank will have to provide its banks with tens of billions of euros of additional emergency liquidity in coming weeks.
