Extending its overnight rally, the Australian dollar touched a 2-week high of 1.0328 against its US counterpart on Wednesday morning in Asia. The aussie-greenback pair is approaching the key resistance zone at 1.0330/35 area with 1.0360 seen as the next barrier on the upside and 1.0240/45 is visible the probable support.
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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.