EUR/USD rebounds as USD eases despite strong PMIs, Hormuz tensions in focus

EUR/USD rebounds on Thursday after trading under pressure earlier in the day, as the US Dollar (USD) loses momentum, allowing the Euro (EUR) to recover from intraday lows despite upbeat US Purchasing Managers Index (PMI) data and cautious market sentiment amid US-Iran tensions.
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AUD/USD muted as strong US PMIs and firm labor data boost US Dollar

The AUD/USD pair trades neutrally near the 0.7160 price zone on Thursday, as the US Dollar (USD) gathered some strength following a fresh batch of solid United States (US) economic data.
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