# Aussie up on GDP, NZD falters on Trump speech - The Business Times

> 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.

- Date: 2017-02-28 · published 2017-02-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/72763-aussie-up-on-gdp-nzd-falters-on-trump-speech-the-business-times
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/aussie-gdp-nzd-falters-trump-speech

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