During the early European session on Monday, the Australian dollar outperformed against the Canadian currency.
At 4:55 am ET, the aussie approached 1.0449 against the loonie, its highest level since November 14. The next resistance level for the aussie-loonie pair is seen at 1.05. On Friday, the pair ended deals at 1.0431.
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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.