The Australian dollar retraced its early gains against the euro, U.S. and Canadian dollars ahead of European deals on Monday.
The aussie that advanced to 0.9286 against the greenback, 1.4310 against the euro and 0.9532 against the loonie in prior deals pared gains shortly and is trading at 0.9241, 1.4343 and 0.9500, respectively.
The next downside target level for the aussie is seen around 0.90 versus the greenback, 1.455 against the euro and 0.935 against the loonie.
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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.