The Australian dollar continued its downtrend against other major currencies ahead of the European session on Wednesday.
The aussie declined to near a 3-month low of 95.50 against the yen and a new 1-1/2-year low of 1.3636 against the euro.
The aussie also reached a 2-day low of 0.9602 against the greenback, 5-day lows of 0.9943 against the loonie and 1.1960 against the kiwi.
The aussie may find support around 94.5 against the yen, 1.37 against the euro, 0.95 against the greenback, 0.98 against the loonie and 1.18 against the kiwi.
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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.