Australian Dollar (AUD) the AUD/USD continued to slump on Friday to fresh lows at near 1.0280 before bouncing with the EUR/USD into the Bernanke Speech. The price action was capped at 1.0350 and we are under pressure again in Asia Monday as Chinese PMI fell under 50 over the weekend to 49.2 in August. UPDATE Australian July Retail Sales fell -0.8% vs. +0.3% forecast m/m.
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