Australian Market is Trading Positive Today

• The Australian stocks are trading higher today on the back positive US retail sales figures and these figures boosted banking, mining and luxury consumer stocks at ASX. In morning session, the benchmark S&P/ASX 200 index opened at 5221.30 while the broader All Ordinaries opened at 5228.30. However, ASX has lost a bit of momentum in after noon session but its still trading firmly. 

• The Australian dollar is also trading firmly against its US counter part after the positive US retail sales figures. Presently, it is trading at 89.20 US cents.

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