The Australian dollar drifted lower against most major opponents in early New York deals on Friday.
The aussie slipped to 1.2376 against the NZ dollar, its lowest level since March 7. On the downside, the aussie-kiwi pair may break 1.23 level.
The aussie hit more than a 2-week low of 1.0378 against the greenback around 9:30 am ET. Against the euro, the aussie fell to 1.2536, its lowest since March 15.
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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.