Published: 2025-06-03T02:06:36.000Z
AUD/USD flows: Pressured
FX Analyst
1
Topics
RBA May meeting minutes says not yet time to move monetary policy to an expansionary setting
Australia raises its minimum wage by 3.5% according to Reuters
The RBA's May minutes has captured some eyeballs and Aussie offers as it officially shows the consideration of more easing from the RBA. It is also reported by Reuters that Australia will raise its minimum wage by 3.5% but shorter than union expectation of more than 4%. Yet, the last straw for Aussie is the contracting CAIXIN manufacturing PMI at 48.3, a level last seen in 2022.
AUD/USD is down 0.25% to 0.6481.