The Australian dollar extended its late Asian session rally against the Canadian dollar in early deals Tuesday, breaking the psychological mark of 1.05 for the first time since August 9, 2012.
The Australian dollar is poised to extend gains against the Canadian dollar in the near-term, with 1.0550 seen as the next likely upside target level.
For comments and feedback contact: editorial@rttnews.com
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.