June 03, 2025 a 07:00 pm
Todays Important Key Figures
Today's economic key figures present a mixed landscape across major currencies. The job market in the US shows unexpected resilience, while the European unemployment rate reveals marginal improvement. However, inflation rates in Europe suggest softening economic conditions. Meanwhile, Australia's anticipated GDP and PMI figures will steer the market's response. Understanding these developments will guide market participants in making informed decisions.
💵 Australian Dollar (AUD)
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| GDP Growth Rate QoQ (Q1) | 2025-06-04 01:30:00 | 0.6% | n/a | 0.4% | n/a | High |
| S&P Global Services PMI (May) | 2025-06-03 23:00:00 | 51 | n/a | 50.5 | n/a | High |
🗣️ The Australian economy is under scrutiny with the GDP growth and PMI remaining high-impact indicators. Although actual values are not yet available, a decrease in GDP growth and lower PMI compared to previous figures may point to cooling economic activity. 📉 This could exert downward pressure on the AUD in the short-term.
💵 US Dollar (USD)
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| JOLTs Job Openings (Apr) | 2025-06-03 14:00:00 | 7.2M | 7.391M | 7.1M | 0.191M | High |
📈 The increase in job openings in the US signals a robust labor market, which might fortify USD strength. This provides positive support for the US economy, indicating demand for labor remains strong despite external economic pressures. ✅ Such developments are likely to support upward momentum for the USD.
💶 Euro (EUR)
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Unemployment Rate (Apr) | 2025-06-03 09:00:00 | 6.3% | 6.2% | 6.2% | -0.1% | High |
| CPI (May) | 2025-06-03 09:00:00 | 128.77 | 128.73 | 128.9 | -0.04 | High |
| Inflation Rate YoY (May) | 2025-06-03 09:00:00 | 2.2% | 1.9% | 2% | -0.3% | High |
| Unemployment Rate (Apr) - Italy | 2025-06-03 08:00:00 | 6.1% | 5.9% | 6.1% | -0.2% | High |
| Employment Change (May) - Spain | 2025-06-03 07:00:00 | -67.4K | -57.8K | -68.5K | 9.6K | High |
⚠️ The Eurozone's slight decrease in unemployment coupled with a lower than expected inflation rate suggests subdued economic activity. However, employment figures in Spain show recovery, which might provide mild support. 📉 Overall, these factors could contribute to a softer Euro.
🔚 Conclusion
Given the current data, the USD is positioned favorably with indications of strong labor demand. The AUD awaits further GDP and PMI data, but current trends point towards potential challenges. The Euro, with mixed signals of declining inflation and unemployment, appears under pressure, suggesting it may struggle in the near term. Therefore, we observe a supportive stance for the USD, neutral to slightly negative for the AUD, and negative for the EUR. ⚖️