The Australian dollar that advanced to a 2-week high of 1.0328 against the US dollar in early Wednesday Asian deals pulled back to below the 1.03 level around 12:05 am ET. If the pair extends decline, 1.0240 is seen as the next likely support 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.