# Australian Dollar to "Outperform" Peers Next Week, say Westpac, as Data Shows Economic Growth Rebounding in First-quarter

> Westpac strategists expect the Australian dollar to outperform peers next week if Q1 GDP comes in firm, as business investment data pointed to faster growth. The currency rebounded in May as Italian political fears faded.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/65261-australian-dollar-to-outperform-peers-next-week-say-westpac-as-data-shows
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stronger Australian growth supports the currency, which modestly affects the relative cost of Australian grain and barley exports.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/9179-australian-dollar-to-outperform-peers-next-week-say-westpac-as-data-shows-economic-growth-rebounding-in-first-quarter

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.