The Australian dollar that erased early Wednesday Asian session's gain against the U.S. dollar showed choppy trading thereafter. But the aussie made a sharp spike against the greenback at 9:55 am ET and touched 1.0343, its highest level since May 2. The next upside target level for the aussie is seen at 1.04.
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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.