Australian Dollar Higher Amid Data Showing Accelerating Growth in Q2 of 2018

Wednesday, 05/09/2018 | 09:27 GMT

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The Australian dollar aimed higher today amid data showing accelerating growth for Australia's economy in Q2 of 2018.

The AUDUSD pair traded to 0.7191 escalating 0.2%. The Australian economy climbed 0.9%, on quarter-on-quarter basis, and was higher than the analysts' estimations for 0.7%.

The nation's economy escalated to 3.4%, on a year-on-year basis, surpassing the estimations for 2.8% slowdown.

The USDCNY pair traded to 6.8385 declining 0.1%. The U.S. Dollar Index aimed at 95.32 falling 0.05%.

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Source: https://www.exclusivecapital.com/australian-dollar-higher-upon-accelerating-growth/

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