The euro rebound has petered out but EUR/AUD buying (short covering?) was a culprit, according to sources.
The pair touches its highest since early April after the RBA cut and macro players may have used the post-ISM fall to lighten up. The pair has retraced about 50% of the ISM drop with resistance at 1.2826.
Heavy offers in AUD/USD are said to lurk around 1.04.
Most Popular
Sponsored
Japan's net external assets rose 4.4% to a record 561.75 trillion yen in 2025, but the country fell to third in global creditor rankings as China overtook it, per Finance Ministry data.
Ferrari's $640K EV, Luce, debuts with Jony Ive design. High price, luxury segment focus.
US forces carried out self-defense strikes on missile sites and Iranian boats in southern Iran on Monday after an IRGC vessel targeted a US ship, with explosions reported across Hormuz coastal cities.
US military confirms attacks on southern Iran - 'self defense" / hit targets including missile launch sites and Iranian boats attempting to emplace mines /will use restaint during ongoing ceasefire
Dow futures surge 400 pts as oil tumbles on Iran deal hopes. S&P 500 hits new highs.
Amazon's Memorial Day sale offers up to 50% off tech, boosting consumer spending potential.
Ferrari's $640K electric Luce debuts! High price, new tech, but will it rev up returns?
Sponsored
Must Read
