Reversing direction, the Australian dollar climbed against most major currencies in early European deals on Friday.
The aussie advanced to 0.9121 against the greenback, 1.4914 against the euro and 0.9654 against the loonie, reversing from early near 3-month low of 0.9056, 3-1/2-year low of 1.5033 and a 3-day low of 0.9595, respectively.
The aussie recovered to 93.28 against the yen from an early Asian session's low of 92.74.
The next likely upside target for the aussie is seen around 0.925 against the greenback, 95.00 against the yen, 1.48 against the euro and 0.97 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.