Stronger than expected Australian GDP data, keeps AUD/USD above 95 cents |
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- Economic Numbers: Australia's Q1 GDP came in better than expected (Q1 GDP QOQ: 0.6% V 0.3%E; YOY: 3.6% V 2.8%E; Q1 chain price index +1.3% q/q). However, the quarterly GDP figure rose at its slowest pace since June of 2006. In other economic data, Japanese Q1 capital spending was better than expected (Q1 CAPITAL SPENDING: -4.9% V -9.6%E; EX SOFTWARE: -5.3% V -7.3%E). - Forex: The USD consolidated its US session gains during the Asia session, and trading has been confined to narrow ranges.
Filed under: Fundamental
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