Aussie declines as Q2 GDP is shy of hopes

Aussie declines as Q2 GDP is shy of hopes

On Tuesday, the Australian dollar relieved in Asia because GDP figures for the second quarter were moderately below hopes and the evergreen buck held weaker versus the Japanese yen notwithstanding dismal wages data from Tokyo with market participants monitoring North Korea for further signs it could test on September 9, which could suggest a response to employ anti-missile technology just to put it down.

Australia’s GDP for the second quarter leapt 0.8%, which is below the 0.9% rise observed on quarter and also a 1.8% leap at an annual tempo, below the 1.9% jump expected.

Japan posted average cash earnings went down 0.3%, versus a revenue of 0.5% on year expected for August.

The currency pair USD/JPY hit 108.75, sliding 0.06%, AUD/USD reached 0.7992, declining 0.05%.

Overnight, the US currency was pressured because soaring tensions between America and North Korea kept demand for safe haven currencies intact.



US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…


EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

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