The Australian dollar experienced a significant downturn as new trade tariffs and recession concerns pushed its value down. The EUR/AUD pair has seen notable breakout movements, reflecting the growing unease in global markets. Similarly, the GBP/AUD is hovering near levels not seen since the beginning of the pandemic. All eyes turn to the upcoming U.S. nonfarm payroll report, a key factor influencing risk sentiment and currency fluctuations. Investors brace for potential volatility as economic indicators roll in and market reactions escalate.