Australian GDP data pushes AUD/USD higher - Forex News by FX Leaders

Australian GDP data pushes AUD/USD higher

Posted Wednesday, June 1, 2016 by
Skerdian Meta • 1 min read

Last night at 01:30 GMT the Australian quarterly GDP data was released and it came out great. It was expected at 0.6% but it came out at 1.1% while the last quarter was revised up by 0.1 %. The Australian Dollar surged higher obviously with AUD/USD reaching 0.73. 

AUD/USD jumped 60 pips after the GDP numbers were released

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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