The upcoming China PMI ( 1:00 GMT) is expected to come in at 50.3 . This should give us some excitement for the day, but just in case it comes in line with estimates , where do you see the Aussie and the Kiwi from here ?
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Quiet start with the Aussie and Kiwi drifting lower
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Major US indices open sharply lower led by the NASDAQ and the Russell 2000
- US industrial production for April 0.7% versus 0.3% estimate
- The USD continues to move higher as yields move higher
- Canada Manufacturing Sales for March 3.0% vs 3.5% estimate
- NY Fed manufacturing index for May 19.6 vs 7.5 estimate
- Fast break the other way.The USD is moving higher,yields spiking, and stocks sharply lower
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