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July 03, 2015
The price action in the currency spectrum was largely muted as most pundits want to keep their cards close to chest ahead of this weekend’s Greek referendum. The Australian dollar is the weakest currency of the G10 bloc this morning as retail sales failed to meet economists’ expectations, growing by 0.3% for the month of May, rather than the forecasted increase of 0.5%. Adding to the pressure on AUDUSD is the slide seen in Iron ore prices and the decline in China’s June PMI data vs. the May reading.

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