The euro strengthened against the resource-linked currencies in early deals on Monday.
The common currency climbed to 4-day highs of 1.6556 against the New Zealand dollar and 1.3654 against the Canadian dollar around 6:15 am ET. The single currency also rose to a 6-day high of 1.4345 against the Australian dollar around the same time.
On the upside, the European shared currency may find target levels at 1.4410 against the aussie, 1.37 against the loonie and 1.6760 against the kiwi.
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Business 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.