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Jun 01 - 11:55 PM

AUD/USD - Spikes As Geopolitical And Tariff Tensions Mount

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

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