After briefly pulling back from its uptrend at the beginning of the European session, the euro resumed its Asian session's rally against the Australian dollar on Thursday.
The euro rose to a 6-day high of 1.2696 against the Australian dollar around 4:15 am ET, up from Wednesday's closing value of 1.2622. The next barrier for the currency cross is seen at 1.2730/40.
For comments and feedback contact: editorial@rttnews.com
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.