The Australian dollar continued to move in an ascending track against its Canadian rival in late Asian deals Tuesday, rising as high as 1.0490 around 2:50 am ET, its strongest level since August 2012.
The aussie-loonie pair is poised to extend its rally beyond the 1.05 level with 1.0520 seen as the next likely resistance level in the near-term.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.