Australian Dollar (AUD) the AUD/USD is holding to a tight range just under 1.0300 as the market consolidates. The AUD/USD did push above 1.0300 briefly in Asia yesterday on the stronger than expected May Retail Sales but traders are hesitant to be too long into the ECB and Nonfarm Payrolls. Looking ahead, AUD May Trade Balance forecast at -500mn vs. -203mn previously.
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