By James Connell — Jun 01 - 09:36 PM
• AUD/USD +0.5% Mon as tariff and geopolitical tensions hurt USD
• Trump doubles steel/aluminium tariffs, accuses CN of violating agreement
• Pentagon's Hegseth flags CN threat, pressures AU to increase defence budget
• DXY -0.3% from Fri's close, looks to be under mounting pressure
• AUD breaks above 0.6441 200-DMA, will need more momentum to extend rally
• U.S. ISM manufacturing PMI due Mon, AU current account Tue, AU GDP Wed
• RBA Apr meeting minutes, Assistant Governor Sarah Hunter speaking Tue
• Range early Asia 0.64315-74, support 0.6390 0.6355, resistance 0.6550
AUD Daily 200-DMA & Daily DXY
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters