The AUD/USD pair is getting more expensive during the week – Aussee gets back the positive Australian statistic.
Australian Dollar long to be up on Wednesday, and it has quite fundamental reasons.
According to the provided data today, GDP of Australia has grown on 0,6% qq in the fourth quarter, that is found as stronger than forecasts. At the same time, the data for the third quarter of last year was revised as rising – up to 1.0% against the first estimation of 0.9%. On the YoY comparison, Australian economy became broader in October-November of 2015 on 3.0% against expected 2.5% and previous consolidation factor - on 2.7%.
Excellent report. However, it is possible that this is just a coincidence and the results of the optimization within the Australian Government. Although it is recognized that Australia's economy looks quite stable, monetary policy responds adequately to the external conditions, and the total value of all goods and services is growing. This signal indicates the health of the Australian economic system.
Interesting that the long period of low interest rates in the country has intensified domestic demand. The part of GDP report shown us that this factor has "pull up" the whole indicator.
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