Australian and NZD dollar stable despite weak growth

The Australian dollar and the New Zealand dollar were stable versus the U.S. dollar today, following the weak economic growth in Australia that was below estimations and the concerns over North Korea increasing the most.

Australian and dollar stable at 0.7993

The AUD/USD remained at 0.7993 and was lower than its recent five-weeks high the 0.8028, and the NZD/USD traded at 0.7234 again stable. The U.S. dollar index reached the 92.24 level.

The Australian economy, on a year-on-year basis, last quarter grew 1.8% and was below the economists and the analysts' predictions for an expansion of 1.9%.

In the meantime, the traders and the investors resume focusing on North Korea's geopolitical tensions.

The U.S. dollar showed weakness yesterday after the disappointing factory orders release.

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