The Australian dollar firmed against its most major rivals in the European session on Tuesday.
The aussie hit a 4-day high of 1.2356 against the NZ dollar, compared to previous session's multi-week low of 1.2269.
The aussie reached 1.0639 against the loonie, its highest since April 5. The next upside target level for the aussie is seen at 1.07.
The Australian currency extended rally against the greenback, reaching a 5-day high of 1.0470. Against the euro, the aussie hit a 4-day high of 1.2450, compared to Monday's close of 1.2493.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.