Australian Dollar (AUD)
The Australian Dollar (AUD) Declined for the third day as Oil and Gold took another leg lower. Strong AUD/JPY buying supported and limited any Aussie weakness. Overall the AUD/USD traded with a low of 0.9678 and a high of 0.9791 before closing the day at 0.9725. Looking ahead, 2nd Quarter Export and Import prices seen at 10% and 1.7% respectively.
Gold
Gold (XAU) traded lower but managed to hold up well relative to Oil and other Commodities as the USD rallied. Overall trading with a low of USD$954.20 and high of USD$978.25 ending the New York session at USD$959 an ounce.
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