EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data on Nostr: Australian Dollar appreciates despite lower Q1 GDP =============== #acbb1c95 ver:0.93 ...

Australian Dollar appreciates despite lower Q1 GDP
===============
#acbb1c95 ver:0.93

Despite lower Q1 GDP growth, the Australian Dollar (AUD) appreciated as investors anticipate an interest rate hike by the Reserve Bank of Australia (RBA). The AUD/USD pair faced pressure from weak PMI data and the possibility of a rate cut by the Federal Reserve (Fed). The US Dollar (USD) may rebound due to upward correction in US Treasury yields. #AUD #GDP #RBA #USD...

#newstr #Aud/usd #UsDollar #UsIsmManufacturingPmi #Q1Gdp

https://here.news/story/acbb1c95?ver=0.93