Neutral
AUD/USD retreats from 15-week high amid risk-off sentiment and firm Q2 GDP
In the past 24 hours, AUD/USD has pulled back from a 15-week high of 0.7207, trading around 0.7140. This movement is attributed to risk-aversion flows into the US dollar, despite a stronger-than-expected Australian Q2 GDP report. The GDP increased by 0.4% quarter-on-quarter, easing annual growth to 2.1% from 2.5% in the previous quarter.
Key points
- AUD/USD retreats from 15-week high amid risk-off sentiment and firm Q2 GDP
- US dollar strengthens due to risk-aversion flows despite Australian GDP growth
- Australian Q2 GDP grows 0.4% QoQ, annual growth eases to 2.1%
Sources
AI-generated from public news sources. Not financial advice.
