In the New York session on Wednesday, the Australian dollar advanced against the Canadian dollar. The aussie that closed yesterday's deals at 1.0443 against the loonie approached 1.0471 for the first time since March 26. If the aussie rises further, it may target 1.05 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.