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Mixed result from the Australian growth data.

Written by Sam Coxhead on September 5th, 2012.      0 comments

2:20 PM (NZT) The Australian GDP numbers just released were mixed. The 2nd quarter saw growth of .6% against a market expectation of a .7% increase. Balancing that weaker than expected number was a revision of 1st quarter growth from 1.3% to 1.4%. The Australian dollar has been mixed since the release, and its relatively unchanged. The trend is for weaker earnings and with the likes of the iron-ore market another 3.7% weaker overnight, the outlook remains clouded at best.
 
Now focus moves to the important employment numbers tomorrow, ahead of the ECB monetary policy announcement and the US employment numbers Friday.
 
          Past 24 hours
  Current level Pre-AU GDP  % Chge since AU GDP   Low High
NZD/USD 0.7947 0.7935 0.15%   0.7925 0.7995
AUD/USD 1.0210 1.0208 0.02%   1.0197 1.0284
NZD/AUD 0.7783 0.7773 0.13%   0.7743 0.7795
AUD/NZD 1.2849 1.2865 -0.13%   1.2829 1.2915
NZD/GBP 0.5009 0.5002 0.14%   0.4986 0.5030
NZD/EUR 0.6337 0.6332 0.08%   0.6303 0.6336
NZD/YEN 62.34 62.31 0.05%   62.08 62.68
NZD/CAD 0.7836 0.7830 0.08%   0.7813 0.7876
Topics: Australian GDP
 

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