The euro edged sharply higher against its Australian counterpart in early deals Tuesday, jumping near the key 1.21 mark for the first time since July 10.
The single currency rose as high as 1.2094 around 5:15 am ET, up by more than 30-pips from Tuesday's North American session closing value of 1.2061.
The next barrier beyond the 1.21 level for the euro-aussie pair could be its 38.2 percent retracement level at 1.2160.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.