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Thank you for reading the news of the stability of the Australian dollar against the US dollar last week and now we start with the details
Dubai – Bassam Rashed – The Australian dollar has fluctuated in a narrow range during the Asian session to reduce losses this week Against the US dollar and the third consecutive weekly loss after economic developments and data followed Friday by the Australian economy and on the eve of economic data expected by the largest economy of the world.
At 3:27 GMT, the Australian dollar was up 0.07% to 0.7382, compared with opening levels of 0.7377, after hitting a high of 0.7386. At 0.7373.
We followed the Australian economy by reading the producer price index, which is a preliminary index of inflationary pressures, showing a slowdown in growth to 0.3% vs. 0.5% to the previous reading of the first quarter Last slowdown in growth to 1.5% against 1.7% in the first quarter of the previous year.
On the other hand, markets are currently looking for the US economy to unveil the preliminary reading of GDP, which could reflect the world's widest economy 4.2% in the second quarter versus 2 , 0% in the first quarter, and could show the preliminary 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 an acceleration of growth to 3.1% against 0.9% in the first quarter, while the initial reading of basic personal expenses could slow down at 2.2% vs. 2.3% In the first quarter, before the release of the University of Michigan's consumer confidence index for the month, which could reflect the stability of the expansion 97.1
Thanks for your reading of the stability of the AUD against the US dollar on the Gulf 365. The topic was written by a member Forex News Today, we are not responsible for the content of this news and best wishes for Happy Day.
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