Aussie Hit Hard By Trade Deficit, USD Soft Before ADP

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AUD-complex traded down after the Australian trade deficit widened significantly faster-than-expected. Australia announced -1,911 A$ deficit in May (vs. 200mn expected) and revised its April deficit higher from -122 to -780 million A$. After hitting 0.9505 in New York, AUD/USD tumbled down to 0.9451 in Sydney. Trend and momentum indicators



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