On Friday (May 3), the Australian Judo Bank Services PMI put the AUD/USD in focus early in the session. The Judo Bank Services PMI declined from 54.4 to 53.6 in April, down from a preliminary 54.2. According to the finalized survey, New business increased at the most marked pace since May 2022. Firms increased employment levels to meet the increase in demand. Input prices trended higher, with labor costs contributing to higher costs. While the headline PMI declined, the upward trend in new orders, input prices, and employment may draw the attention of the RBA. The services sector contributes over 60% to the ... (full story)