AUD/USD eases towards 0.6600 as mixed Aussie PMIs join US debt ceiling hopes, hawkish Fed bets

Australia’s first readings of the S&P Global Manufacturing PMI for May reprints 48.0 figures versus 47.3 expected whereas the Services PMI eased to 51.8 from 53.7 previous readings and 48.9 market forecasts. With this, the Composite PMI came in at 51.2 compared to 53.0 marked in April.

“The Democratic president and the top congressional Republican have struggled to make progress on a deal, as McCarthy pressures the White House to agree to spend cuts in the federal budget that Biden considers ‘extreme,’ and the president pushes new taxes on the wealthy that Republicans reject,” reported Reuters.

, Richmond Fed President Thomas Barkin and San Francisco President Mary C Daly recently backed the calls for higher rates.the AUD/USD pair

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Forex Today: Quiet markets ahead of PMIs, awaiting a debt-limit dealTuesday is an important day for PMIs releases, as it will offer the first glimpse of global economic activity during May. During the Asian session, th
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