Bouncing back from its early Asian session's downtrend, the Australian currency touched a 4-day high of 0.8716 against the US dollar by 2:20 am ET Tuesday. This was up by more than 1.1 percent from a 4-day low of 0.8616 hit earlier in the Asian session. The aussie-buck pair, which finished Monday's trading at 0.8648, is presently quoted at 0.8714 and moving a few pips up may push the pair to its highest level in 5 days.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.