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Another solid jobs report:
AUD losing a little ground
Trade issues will continue to weigh.
As will the official cross over of the cash rate: Australia press: US Fed interest rates above Australia first time in 18 years
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In the minutes following the Australian jobs report, AUD/USD slipping a few tics
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Gold drops to two-month lows as precious metals struggle despite US-Iran optimism
- The Fed is likely to act, just not in the direction markets were hoping for
- US futures continue to push up as investors stay more optimistic
- USD/JPY continues to nudge higher in testing Japan's intervention limits
- Fed's Kashkari says far too soon to predict what the next policy move should be
- French consumer sentiment slumps further in May, falling to lowest since March 2023
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