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Sep 4, 2013
AUD/USD soars to 2-week highs at 0.9085 on Australian GDP data
AUD/USD broke through immediate resistance to spike at 0.9085 2-week highs on the release of Australian GDP data. Despite stronger greenback prior to the bullish upswing, the Aussie managed to outweigh the dollar.
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Sep 4, 2013
Aus GDP reinforces on-hold RBA, paves way for higher AUD
The latest Australian GDP number, which has come at 0.6% as expected, and slightly above expectation YoY, 2.6% vs 2.5%, combined with the removal of some easing narrative on the RBA statement yesterday, is a reinforcement for calls of RBA on hold for the next few months.
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