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Jun 02 - 07:55 PM

AUD/USD - Higher As Uncertainty And PMI Data Sinks USD

By James Connell  —  Jun 02 - 06:02 PM

• AUD/USD +0.9% since Fri close amid tariff uncertainty and softer U.S. data

• U.S. ISM manufacturing PMI misses (48.5 vs 49.5), contraction continues

• Renewed trade tensions, U.S. budget concerns also weighing on USD sentiment

• AUD back above 0.6440 200-DMA, needs clear break of 0.6550 to extend rally

• AU current account (poll -13.1 bln), RBA May meeting minutes 0130 GMT Tue

• Assistant Governor Sarah Hunter speaking later Tue, AU Q1 Real GDP due Wed

• Overnight range 0.64675-0.65004, 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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