Share: Australian encouraging data fell short of supporting the aussie. Demand for the American dollar receded mid-US session. AUD/USD recovered above the 0.7700 level but has room to extend its decline. The Australian dollar started the week on the wrong footing, easing against its American rival to 0.7665. Demand for the greenback and a sour market mood undermined AUD/USD, which anyway managed to regain the 0.7700 threshold ahead of the US close. Australian data released at the beginning of the day was generally encouraging, as November Retail Sales were upwardly revised to 7.1%. Also, December TD Securities inflation improved from 1.3% to 1.5% YoY, while the monthly reading came in at 0.5%.