The Chinese Yuan continues to weaken from a 3-year high, but USD/CNH downside may continue even amid rising US-Sino tensions.

Asia Pacific markets may trade in calm waters as investors await the highly anticipated US NFP report. Meanwhile, AUD/USD may see a directional shift after trade data for May crosses the wires.

AUD/USD may extend yesterday’s post-RBA strength if Australia’s first-quarter Gross Domestic Product (GDP) beats expectations.

NZD/USD is aiming higher as the week draws on, but the upcoming US PCE print may spark a bout of volatility.

The Australian Dollar may strengthen if Chinese industrial profits impress the market. AUD/USD eyes 50-day SMA.

AUD/USD may face further consolidation as metals face mounting pressure from Chinese regulators. April’s Westpac Leading Index is in focus.

The New Zealand Dollar is riding higher following a sharp recovery in market sentiment, driven by gains in Bitcoin after comments from Elon Musk lifted the crypto market.

NZD/USD may be pressured if a volatile weekend for Bitcoin sours broader market sentiment. The RBNZ rate decision is in focus this week, following New Zealand retail sales data.

The Australian Dollar is aiming higher on positive PMI figures despite a downbeat jobs report earlier in the week.

The Dow Jones extended losses seen earlier in the week following the FOMC Minutes. Market sentiment looks at tonight’s Australian jobs report.