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The Australian dollar fluctuated in a slightly bullish range during the Asian session to reduce losses this week against the US dollar and offset the weekly losses consecutive to the Australian economy and the eve of expected economic data. Before the biggest economy in the world.
At 3:27 GMT, the Australian dollar was up 0.07% to 0.7382 compared to opening levels at 0.7377 after recording a high of 0.7386, at 0.7373.
We followed the Australian economy by reading PPI, which is a preliminary index of inflationary pressures, showing a slowdown in growth to 0.3% against 0.5% in the previous reading of the first quarter, as reported in the same quarter Quarterly Last slowdown in growth to 1.5% against 1.7% in the first quarter of the previous year.
In contrast, markets are currently banking on a preliminary reading of GDP by the US economy, which could reflect the world's widest economy 4.2% in the second quarter versus 2.0% in the second quarter. first quarter, according to a first reading of GDP Gross price growth in the last quarter accelerated growth to 2.3% from 2.2% in the first quarter.
In the same context, investors are looking for a reading of personal expenses that could reflect a faster growth rate of 3.1% against 0.9% in the first quarter, while the initial reading of personal consumption expenditure could slowing to 2.2% vs. 2.3% In the first quarter, before the publication of the latest reading of the Consumer Sentiment Index of the University of Michigan for the month, which could reflect the stability of 97.1 expansion
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