The Australian dollar extended its overnight downtrend against the euro on Friday morning in Asia, falling to 1.2483, its weakest level since November 1.
The aussie is expected to extend its decline as a trend-line resistance of the EUR/AUD pair has broken in the daily chart, with 1.25 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.