The Australian dollar continued to creep higher against its Canadian counterpart for the third consecutive session in early European deals on Tuesday.
The aussie advanced to 1.0001 against the Canadian dollar around 3:00 am ET, with the pair rising back above the parity for the first time since October 29, 2013. The next likely resistance for the aussie-loonie pair is seen around the 1.0040 area.
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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.