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The euro, pound and yen continue gaining ground against the US dollar on further weakness seen from the US. However, the Aussie was hit by the RBA. The focus is now on the kiwi dollar: the bi-weekly milk auction and the quarterly jobs report are eyed. Will the kiwi follow the falling Aussie? Also note potential BOJ intervention against the yen and perhaps some dissatisfaction from the ECB on the advance in the euro.

Wrap up of the morning show for May 3 2016: