After moving broadly sideways in late Asian deals, the Australian dollar resumed its uptrend against other major currencies in early European session on Friday.
The Australian dollar touched a 4-day high of 1.0521 against the US dollar and a 2-day high of 82.33 against the yen around 5:00 am ET. If the aussie extends gains, likely resistance levels are seen at 1.0550 against the greenback and 83.0 against the yen.
The Australian dollar also advanced against its Canadian rival, rising to a 4-day high of 1.0249 around 5:00 am ET. The aussie-loonie pair is presently worth 1.0240 with 1.0280 seen as the next likely resistance level in the near-term.
The Australian currency extended previous session's weekly advance against the euro in early deals, rising as much as 1.2376 before leveling off around 4:25 am ET. Further buying could help the aussie re-test the 1.23 level against the euro after a gap of a week.
The aussie also strengthened to a session high of 1.2637 against the NZ dollar with 1.2680 seen as the next likely upside target level.
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Forex News
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.