After moving sideways, the Australian dollar slipped against the NZ and US currencies in the European session on Friday.
The aussie is trading at 1.0462 against the greenback and the next downside target level for the aussie is seen at 1.04.
Against the NZ dollar, the aussie fell to 1.2581, its lowest level since November 6. If the aussie extends slide, it will break 1.255 level.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.