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The Australian dollar rose 0.24% to US$0.7673 after data showed the economy grew 1.1% in the December quarter, well above the 0.7% expected. Investors also digested a short-on-detail policy speech by President Trump, and the New Zealand dollar weakened.
A stronger Aussie reflects firmer Australian growth and commodity-linked demand, which can shift the cost of Australian grain, meal and other exports priced in US dollars. Markets now see little chance of further RBA easing.
businesstimes.com.sgFeb 28, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
