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AUD gained against the USD on Thursday, as US Q1 2024 GDP data was softer than expected, sparking a fall in US Treasury yields and the safe haven dollar. AUD/USD trades at 0.6632.
The economy in the United States posted weaker-than-expected figures. The GPD for the first quarter in the second estimate expanded by just 1.3%, lower than the 1.6% expected,
Weekly jobless claims printed close to expectations with initial claims at 219k (217k exp) and continuing claims at 11.791 mio (1.796 exp). Other data showed that Pending Home Sales for April fell from 3.6% to -7.7% MoM
Economic data to watch out for.
• JP – Apr. Jobless Rate
• JP – Apr. Job-To-Applicant Ratio
• JP – May. Tokyo CPI y/y
• JP – Apr. Industrial Production y/y
• AU – Apr. Private Sector Credit y/y
• CN – May. PMIs
• UK – May. Nationwide House Px
• UK – Apr. Mortgage Approvals
• EU – May. CPI m/m
• CA – Q1. GDP y/y
• US – Apr. PCE Deflator
• US – Apr. Personal Spending
• US – Fed’s Bostic Speaks
Mid market rates.
| Currency Pair | Mid-market rate |
| AUD/USD | 0.6629 |
| AUD/NZD | 1.0832 |
| AUD/JPY | 103.85 |
| AUD/CNY | 4.8052 |
| AUD/EUR | 0.6124 |
| AUD/GBP | 0.5210 |
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