The Australian dollar increases with 2 quarterly GDP data better than expected; USD Discount
The Australian dollar increased on Wednesday after the data showed the Australian economy continued to grow in the 2nd quarter of 2018.
The AUD/USD rate rose 0.2% to 0.7191 at 12:30AM ET (0430GMT). The Australian economy rose 0.9% over the previous quarter, compared to the forecast level of 0.7% increase, the Australian statistical Room reported on Wednesday.
The super export contributes 0.1% to GDP growth in the quarter and the consumer expenditure of households increased by 0.7%, contributing 0.4% to GDP growth.
As of the year, Australian growth increased by 3.4%, higher than the forecast level of 2.8%.
The USD/CNY rate fell 0.1% to 6.8385 when the central bank of China fixed the reference rates at 6.8266 compared to the level of the third day 6.8183.
Meanwhile, the USD index, which measures the dollar strength against the basket of 6 currencies, fell 0.05% to 95.32. This indicator is not greatly reduced when the investor waits for new business activities between the U.S. and China. The time limit for commenting on the public for the tax series up to 200 billion China's goods will be on Thursday.
Ayako Sera, market researcher at Sumitotmo Mitsui Trust Bank, said: "Trump does the things he says will do in one way or the other, so I forecast that the tariffs will be executed."
She said: "The market will be surprised if he does nothing".
Elsewhere, the currency of emerging markets is noted.
A Bloomberg monthly survey on Tuesday that Argentina's inflation is predicted to reach 40.3% by the end of the year, higher than the 7 month forecast level of 31.8%. The Peso was predicted to reach 41.9 versus USD at the end of the year, much lower than the 7 month forecast level of 30.5. The Peso fell 52% this year against the dollar.
The AUD/USD rate rose 0.2% to 0.7191 at 12:30AM ET (0430GMT). The Australian economy rose 0.9% over the previous quarter, compared to the forecast level of 0.7% increase, the Australian statistical Room reported on Wednesday.
The super export contributes 0.1% to GDP growth in the quarter and the consumer expenditure of households increased by 0.7%, contributing 0.4% to GDP growth.
As of the year, Australian growth increased by 3.4%, higher than the forecast level of 2.8%.
The USD/CNY rate fell 0.1% to 6.8385 when the central bank of China fixed the reference rates at 6.8266 compared to the level of the third day 6.8183.
Meanwhile, the USD index, which measures the dollar strength against the basket of 6 currencies, fell 0.05% to 95.32. This indicator is not greatly reduced when the investor waits for new business activities between the U.S. and China. The time limit for commenting on the public for the tax series up to 200 billion China's goods will be on Thursday.
Ayako Sera, market researcher at Sumitotmo Mitsui Trust Bank, said: "Trump does the things he says will do in one way or the other, so I forecast that the tariffs will be executed."
She said: "The market will be surprised if he does nothing".
Elsewhere, the currency of emerging markets is noted.
A Bloomberg monthly survey on Tuesday that Argentina's inflation is predicted to reach 40.3% by the end of the year, higher than the 7 month forecast level of 31.8%. The Peso was predicted to reach 41.9 versus USD at the end of the year, much lower than the 7 month forecast level of 30.5. The Peso fell 52% this year against the dollar.
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