The Australian dollar strengthened against the U.S. dollar in early Asian deals on Tuesday after the release of building approvals data for June.
The aussie approached 1.0511 against the greenback for the first time since March 27. If the aussie rises further, it may target 1.055 level. At yesterday's close, the pair was worth 1.0505.
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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.