The euro continued to creep higher against the Australian dollar in early European deals on Friday, trading back above the key 1.32 level after a gap of 17-months.
The euro rose as high as 1.3216 against the Australian dollar around 3:05 am ET, its strongest level since December 2011. Next key levels to watch on the upside are 1.3225/30, 1.35 and 1.3650.
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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.