Tuesday morning in Asia, the Aussie soared to a 6-day high against the euro as investors await the Reserve Bank of Australia's interest rate announcement, which is due at 12:30 am ET.
Meanwhile, the aussie recovered slightly from a new multi-month low against the Canadian dollar and multi-day lows against the greenback and the yen.
Expectations are divided over the Reserve Bank of Australia's monetary policy decision, with economists predicting no change in the interest rate, while markets are leaning towards a second consecutive quarter percentage point hike.
Since October 2009, the RBA has raised its benchmark rate by 100 basis points to 4.00%, including a quarter percentage point move in March. The Australian central bank was the first G20 central bank to raise interest rates in the aftermath of the global financial crisis. The RBA left the rate on hold in February, while there was no meeting in January.
The Australian market is trading firm today, buoyed by a positive close on Wall Street overnight on the back of encouraging jobs data.
The benchmark S&P/ASX 200 index, which advanced to 4,948 in early trades, is currently up 33.3 points or 0.7% at 4,941. The broader All Ordinaries index is trading at 4,962, up 36.1 points or 0.7% over its previous close.
In economic news, total job advertisements placed on the internet and on newspapers in Australia increased a seasonally adjusted 1.8% month-on-month in March, ANZ Bank said tosday. This follows a 19.1% gain in February. On a yearly basis, job ads were up 8% in March, following the 2.3% fall in February.
The Australian dollar strengthened against the euro in early Asian deals on Tuesday. At present, the aussie is trading at a 6-day high of 1.4620 against the euro with 1.459 seen as the next upside target level. The euro-aussie pair was worth 1.4636 at yesterday's close.
The Aussie reversed its direction after touching a 4-day low of 86.30 against the yen and a 5-day low of 0.9176 against the US currency at 9:25 pm ET Monday. As of now, the aussie is worth 0.9190 against the greenback and 86.50 against the yen, compared to yesterday's close of 0.9220 and 87.02, respectively.
The Aussie that plunged to a new multi-month low of 0.9212 against the Canadian dollar at 8:25 pm ET Monday gained thereafter. Currently, the aussie-loonie pair is worth 0.9230. The pair closed yesterday's trading at 0.9238.
The Aussie slipped to 1.3060 against the New Zealand dollar at 8:20 pm ET Monday. Thereafter, the aussie-kiwi pair recovered slightly and is currently worth 1.3083, compared to previous session close of 1.3116.
At 1:00 am ET, Japan is scheduled to release preliminary numbers for its leading and coincident indexes for February.
The Euro-zone sentix investor confidence report for April has been slated for release in the European session.
The U.S. Federal Reserve is scheduled to release the minutes of its March 16th meeting at 2 pm ET.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.