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Aussie Extends Gains After Fed Rate Cut, Upbeat GDP

Scandinavian Capital Markets

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The Australian dollar rallied in early trading on Wednesday, after receiving a boost from the Federal Reserve decision to cut interest rates and Australia’s positive Q4 Gross Domestic Product (GDP) report. The rebound comes after falling last Friday to its lowest levels since March of 2009 against the US dollar.

Scandinavian Capital Markets Review

Source: https://scandinavianmarkets.com/trading-news/aussie-extends-gains-after-fed-rate-cut-upbeat-gdp/
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