The Australian dollar continued its weakness against the NZ dollar ahead of European trading on Thursday.
The aussie declined to a 2-day low of 1.1630 versus the kiwi and a collapse below the 1.16 handle will bring it to the lowest level hit in November 2008. If the aussie extends its bearish trend, it may probably find support around the 1.14 level.
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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.