$A gains ground ahead of US data The Australian dollar is lower but has gained some ground in morning trade as financial markets await the upcoming release of a raft of US economic data. At 1200 AEST on Monday, the local unit was trading at 92.17 US cents, down from 92.34 cents on Friday. Since 1700 AEST on Friday, the Australian dollar has traded in a fairly tight range, between 92.11 US cents and 92.53 cents. Monday is expected to be a quiet day as markets await the release of a string of US economic data on Tuesday night, Australian time, including new home sales for May and consumer confidence figures for June. Forex.com research analyst Chris Tedder said the Australian dollar was consolidating its position ahead of the release of the upcoming economic data. "We haven't had many market-moving events or announcements to dictate price action," Mr Tedder said. So, with a lot of data coming out of the US this week and out of China and Australia next week, I think the Aussie is really just biding its time. Meanwhile, Australian 10-year bond futures prices were trading near one-year lows. At 1200 AEST on Monday, the September 10-year bond futures contract was trading at 95.985 (implying a yield of 4.015 per cent), down from 96.225 (3.775 per cent) on Friday. The September three-year bond futures contract was at 97.010 (2.99 per cent), down from 97.160 (2.840 per cent).