The Australian dollar edged lower against its major counterparts on Friday morning in Asia.
The aussie fell to 0.9779 against the US dollar, its weakest level since June 2012. The Australian dollar also slipped to a 3-1/2 month low of 1.3166 against the euro, fresh 2-week low of 99.99 against the yen and more than a 7-month low of 0.9975 against the Canadian dollar.
On the downside, the Australian currency may find target levels at 0.9630 against the greenback, 1.3190 against the euro, 99.30 against the yen and 0.9930 against the Canadian dollar.
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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.