NZD/USD slips near 0.5975 as China PMI cools; traders await US ISM, Nonfarm Payrolls for direction.
AUD/USD stays below 0.7200 after softer China PMI; technical breakout fades amid hawkish Fed, cautious RBA.
China’s Manufacturing PMI slipped to 51.8 in May, beating forecasts; AUD steadied as commodities faced caution.
Caixin PMI rose to 51.8 in May, beating forecasts, boosting commodities, AUD, and China-linked equities.
WTI rebounds above $88 as Israel-Lebanon escalation boosts supply fears, volatility, backwardation, and bullish options positioning.
ANZ Job Ads rose 1.8% in May, tightening labour conditions, reinforcing hawkish RBA stance, supporting AUD.
USD/JPY rebounds near 159.50 as weak Japan data, geopolitics, and hawkish Fed boost dollar; intervention risk.
May’s TD-MI inflation gauge rose to 4.4%, challenging RBA rate-cut hopes, supporting AUD, pressuring equities.
PBoC set USD/CNY fixing at 6.8167, signaling managed yuan weakness to bolster growth amid soft data.
Australia’s TD-MI inflation gauge fell to -0.3% in May, easing pressures and boosting rate-cut expectations.
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