During early Asian deals on Thursday, the Australian dollar weakened against the currencies of Canada, U.S. and Europe.
The aussie fell to a 6-day low of 1.0395 against the Canadian dollar and a 2-day low of 1.0252 against the greenback, compared to Wednesday's close of 1.0416 and 1.0279, respectively. The next downside target level for the aussie is seen at 1.02 against the loonie and 1.035 against the greenback.
Against the euro, the aussie that ended yesterday's deals at 1.2193 slipped to as low as 1.2225. If the aussie slides further, it may target 1.225 level.
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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.