AUD/NZD Exchange rate
Editors’ Picks
EUR/USD stabilizes near 1.1300 as markets await US data
EUR/USD trades in a tight daily range at around 1.1300 in the European session on Thursday. The PMI data from Germany and the Eurozone showed that the business activity in the private sector contracted in May, limiting the Euro's gains. Market focus shifts to US PMI data.
GBP/USD holds slightly above 1.3400 ahead of US PMI data
GBP/USD struggles to build on its weekly gains and trades slightly above 1.3400 on Thursday. The data from the UK showed that S&P Global Composite PMI improved to 49.4 in May's flash estimate from 48.5 in April. Focus shifts to US PMI reports.
Gold retreats further from two-week high; tests $3,300
Gold price extends its steady intraday retracement slide from a nearly two-week high touched earlier this Thursday and trades near $3,300. The pullback lacks any fundamental catalyst and is more likely to remain limited amid a combination of supporting factors.
US May S&P Global PMIs set to show stable services, slight decline in manufacturing
S&P Global will release the preliminary May Purchasing Managers’ Index (PMI) for the U.S at 13:45 GMT on Thursday. Market expectations suggest that PMI readings in May will change a little. The Services PMI is forecast to hold steady at 50.8 and Manufacturing PMI is seen ticking down to 50.1 from 50.2.
FOMO vs fundamentals: Retail buys the dip, institutional investors stay cautious
Retail optimism is rising, but institutions are still treading carefully amid lingering macro and earnings risks. Policy and fiscal uncertainty remain elevated, with trade tensions, U.S. debt concerns, and a cautious Fed dominating the backdrop.