The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
The Australian dollar fell to nearly a 2-month low of 1.6473 against the euro and nearly a 3-week low of 0.9777 against the Canadian dollar, from yesterday's closing quotes of 1.6422 and 0.9801, respectively.
Against the U.S. and the New Zealand dollars, the aussie dropped to 0.7009 and 1.2061 from Tuesday's closing quotes of 0.7024 and 1.2093, respectively.
The aussie edged down to 112.40 against the yen, from yesterday's closing value of 112.66.
If the aussie extends its downtrend, it is likely to find support around 1.68 against the euro, 0.96 against the loonie, 0.69 against the greenback, 1.96 against the kiwi and 110.00 against the yen.
For comments and feedback contact: editorial@rttnews.com
Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.