The US dollar continued to trade mixed against major currencies ahead of key US data releases this week, including tonight's July trade data which is expected to show a record deficit , dealers said. They said the yen is continuing to struggle after falling to two-month lows against the US dollar on Monday because of weaker factory orders data but could strengthen following the release of the US trade data. Dealers said the yen also has a chance of recovering over the week ahead of next weekend's G7 meeting in Singapore where there are expectations of calls for flexibility in Asian currencies or in other words suggestions that there should allowances for some appreciation of these currencies. Meanwhile, the US dollar continues to trade in a narrow range against the euro as debate continues about the pace of US growth and possible higher inflation in the Eurozone. CMC Markets senior foreign currency trader Robert Mulcahy said trading ranges remain tight although there has been some recovery in the Australian dollar following the gold price bouncing back about 10 usd an ounce to near 600 usd an ounce as investors return to the metal as a safe haven investment. "That's been the main thing happening since this morning but to be honest things are painfully quiet," Mulcahy said. "On the back of that we've seen the Aussie move up but there has not been really a lot of movement across the currencies today." Mulcahy said the dollar/yen has been trading in a 20 point range and the euro/dollar in an even more narrow 10 point range.