The Australian dollar proceeded with its early downtrend against its key opponents ahead of the European session on Thursday.
The aussie slipped to more than 11-month low of 0.9826 versus the greenback and a new 7-month low of 0.9996 against the loonie. The aussie may seek support around 0.97 against the greenback and 0.99 against the loonie.
The aussie fell to 1.1960 against the kiwi, its lowest since May 7. The aussie touched 1.3083 against the euro, reversing from an early high of 1.2994.
The Australian currency also reached 100.65 against the yen for the first time since May 9.
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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.