The euro extended its overnight rally against the Australian dollar in late Asian deals on Wednesday as the latter remained weaker across the board for the second consecutive day.
The euro rose back above the key 1.53 level against the Australian dollar after a gap of 5-days, up by more than 0.2 percent from 1.5269 hit late New York Tuesday. Further bullish waves could help the euro-aussie pair challenging the 1.5330/60 resistance area in the near-term.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.