After moving briefly sideways in late Asian deals, the Australian dollar resumed its early Asian session uptrend against the US dollar during early European deals on Monday.
The aussie approached near the key 1.04 level against its US counterpart around 5:50 am ET, rising as much as 1.0397, which was a five day high for the pair.
If the bull run for the aussie-buck pair extends beyond the key 1.04 level, next likely resistance could be around the 1.0440 area.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.