The Australian dollar extended previous session's downtrend against its Canadian counterpart in early New York deals on Monday. The aussie reached 1.0316 against the Canadian dollar around 8:50 am ET, its weakest level since November 5.
The aussie-loonie pair is now trading well-below its 50-day simple moving average level with 1.0290 seen as the next likely support area, at which the 100-day SMA stands in the daily chart.
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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.