Aud/usd Quiet in Asian Session, Potential for Further Short Covering

  • AUD/USD steady in quiet session in Asia in lead into month end
  • Potential for further short covering ahead of w/e/Greferendum
  • Reversal of EUR/USD and EUR cross’s fortunes yesterday did a lot of damage
  • Spec players missing in action licking their wounds from Monday
  • Next set of Greek headlines unlikely to have major market impact
  • First hurdle US NFP Thursday followed by US 4th July holiday Friday

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