Paring gains, the Australian dollar edged down against the European currency in late Asian deals on Thursday.
The aussie eased from an early high of 1.2994 against the euro and is now trading at 1.3047. The aussie may face next downside target level around 1.32. The pair ended Wednesday's deals at 1.3018.
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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.