• AUD/USD stays mildly bid, consolidates recent losses around yearly low.
• Australia Trade Balance, Exports improve in October but Imports contract further.
• US Weekly Jobless Claims, virus updates can entertain intraday traders.

AUD/USD prints mild gains around 0.7110, snapping a six-day downtrend near 2021 bottom during Thursday’s Asian session. The Aussie pair’s latest consolidation could be linked to the softer Treasury yields and mixed trade numbers from home.

Australia Trade Balance grew past 11000M forecast to 11220M in October, versus 12243M prior. The details suggest that the Imports shrank more than -2.0% previous release to -3.0% whereas Exports improved to -3.0% from -6.0% prior. Additionally, Home Loans dropped below -1.0% market consensus and -2.7% previous reading to -4.1% whereas Investment Lending for Homes eased to 1.1% versus 1.4% printed the last.