The Australian dollar that recovered its early sell-off in late Asian trading on Tuesday has been extending its rally against most major currencies during early European deals. At present, the aussie is trading at fresh 1-week highs of 0.9898 against the US dollar and 78.70 against the yen.
Against the Canadian dollar, the aussie is worth 1.0110.
If the aussie advances further, it may target 79.2 against the yen, 0.994 against the greenback and 1.012 against the loonie.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.