Australia will release Gross Domestic Product (GDP) figures on Wednesday.
Australian Gross Domestic Product is expected to post a modest 1% yearly advance. The Reserve Bank of Australia will monitor GDP figures before the September meeting. Australian Dollar likely to extend its decline with the expected tepid figures. Australia will release Gross Domestic Product figures on Wednesday. The Australian Bureau of Statistics is expected to report that the economy grew 0.3% in the second quarter of the year and 1% in the twelve months to June.
Even further, AUD/USD may resume its decline after the dust settles. The 0.6780 region is the immediate bullish target, followed by the 0.6810 price zone. Sellers may reappear around the latter, should the GDP post a modest beat. Finally, outrageous growth data could push the pair further up, with AUD/USD aiming to test the 0.6840 area.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold price rises on Fed rate cut hopes despite strong US dataGold prices rose late in the North American session even though the US economy remains resilient after Gross Domestic Product (GDP) figures propelled the Greenback higher.
Read more »
Dow Jones recovers footing on ThursdayThe Dow Jones Industrial Average (DJIA) rose 1.1%, or 450 points, on Thursday, buoyed by a forecast beat in US Gross Domestic Product (GDP) growth numbers in Q2.
Read more »
EUR/GBP declines following UK GDP dataThursday saw the EUR/GBP pair fall to 0.8540, after mixed Gross Domestic Product (GDP) data from the UK.
Read more »
Jill On Money: Consumers confound economistsWhen the government released its most recent update on U.S. economic growth (Gross Domestic Product or GDP), it was a classic “upside surprise.”
Read more »
The Gross Makeup Habits That Pros Say Are Way Too CommonFani is a freelance London-based journalist hailing from Greece, writing mostly beauty, skincare and lifestyle content. She has an MA in fashion journalism from Central Saint Martins and a BA in journalism and psychology at City University, and has written for Dazed, British Glamour, Byrdie and Eco-Age among others.
Read more »
Caltrain’s Great New Electric Trains Replace Gross PollutersHe founded the world's first internet based business, is Chairman Emeritus of the Electronic Frontier Foundation, and was computing chair at Singularity University. In self-driving cars, he was on Waymo's early team and has advised the top startups (Zoox, Cruise, Starship) as well as major auto OEMs on the future of transportation.
Read more »