The Australian dollar extended its Asian session sell-offs against its Canadian counterpart in early European deals Wednesday, falling back to below the key 1.03 mark after a gap of more than a month.
The aussie-loonie pair has crossed the 61.8 percent retracement target and the extension of bear-run could lead the pair challenge the 50.0 percent retracement level at 1.0240.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.