The Australian dollar extended its Asian session's rally against the U.S. and Canadian dollars in the European session on Wednesday.
The aussie spiked up to 1.0332 against the greenback and 1.0188 against the loonie, its strongest levels since October 2. If the aussie climbs further, it is likely to target 1.04 against the greenback and 1.025 against the loonie. The aussie ended yesterday's deals at 1.0278 against the greenback and 1.0142 against the loonie.
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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.