The Australian Dollar (AUD) reacted to the negativity crunching lower back to 1.6000 before finding support. The Aussie is very closely linked to global investor risk appetite and a further correction could lead to a major unwind. Overall the AUD/USD traded with a low of 1.0592 and a high of 1.0755 before closing the day at 1.0620 in the New York session. Update April Retail Sales at 1.1% vs. 0.4% forecast.
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