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Tag: PMI

2025-06-03 17:38:00 admin

Forex Market Outlook: AUD/USD, NZD/USD & USD/JPY Price Action Amid Rising Tariffs and Soft Economic Data

AUD/USD and NZD/USD are building bullish momentum from support levels, while USD/JPY remains in a bearish trend as the US dollar continues to slide.AUD/USD hit a daily high on Tuesday morning as the US Dollar remained under pressure. The pair reached the psychological resistance level of $0.6500, which it has struggled to break. The weakness in the US Dollar stems from renewed US-China tensions, fresh tariff threats, and disappointing PMI data. These factors have shifted demand from the Greenbac