# Australia dollar jumps to 1-month high after GDP data - The Business Times

> The Australian dollar hit a one-month high of about US$0.7534 after Australian GDP data came in stronger than expected. Traders noted a break above 75 cents could target higher levels.

- Date: 2017-06-06 · published 2017-06-06T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/70768-australia-dollar-jumps-to-1-month-high-after-gdp-data-the-business-times
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stronger Australian growth supports the currency and its commodity-export outlook, with little direct effect on feed grain prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/australia-dollar-jumps-1-month-high-after-gdp-data

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