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3 Jun 2015
AUD/USD holding its own sub 0.7800 - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained
that Australia reported better than expected growth.
Key Quotes:
"Growth accelerated to 0.9% in Q1 from 0.5% in Q4 14. This was a bit more than the market expected. However, the details were poor. Domestic demand is weak."
"Growth was largely accounted for by exports and inventory accumulation."
"The Aussie is holding its own in the face of the US dollar recovery. However, it lost the upside momentum after trying to push the $.07800."
"Support is seen in the $0.7740-50 area."
that Australia reported better than expected growth.
Key Quotes:
"Growth accelerated to 0.9% in Q1 from 0.5% in Q4 14. This was a bit more than the market expected. However, the details were poor. Domestic demand is weak."
"Growth was largely accounted for by exports and inventory accumulation."
"The Aussie is holding its own in the face of the US dollar recovery. However, it lost the upside momentum after trying to push the $.07800."
"Support is seen in the $0.7740-50 area."