Aussie Goes Down Even as Economic Growth Accelerates

The Australian dollar fell today even as Australia’s economic growth accelerated last quarter.

Australian gross domestic product rose 0.8% on the seasonally adjusted basis in the June quarter of this year from the previous three months. The economy grew 0.3% in the March quarter. Meanwhile, fears of North Korea, which seemed to abate yesterday, returned today.

AUD/USD fell from 0.7995 to 0.7976 as of 11:59 GMT today after rising to the high of 0.8020 earlier. EUR/AUD gained from 1.4899 to 1.4954.

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