The Australian dollar continued its early gains against other major currencies in early European deals on Tuesday.
The aussie approached a 1-week high of 0.9428 against the greenback, 8-day high of 0.9712 against the loonie and a 4-day high of 92.41 against the yen, off early lows of 0.9289, 0.9595 and 91.38, respectively.
The aussie touched a 5-day high of 1.1338 against the kiwi and a 4-day high of 1.4387 against the euro, up from early 2-month low of 1.1212 and a 4-day low of 1.4553, respectively.
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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.