The Australian dollar retreated from recent highs against other major currencies in the Asian session on Tuesday.
The Australian dollar fell to a 1-week low of 1.2155 against the NZ dollar and a 6-day low of 0.9723 against the Canadian dollar, from early highs of 1.2220 and 0.9768, respectively.
Against the U.S. dollar and the euro, the aussie dropped to 5-day lows of 0.7136 and 1.6372 from early highs of 0.7171 and 1.6297, respectively.
The aussie slid to a 4-day low of 112.20 against the yen, from an early low of 112.77.
If the aussie extends its downtrend, it is likely to find support around 1.20 against the kiwi, 0.96 against the loonie, 0.70 against the greenback, 1.65 against the euro and 110.00 against the yen.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.