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Thomson Reuters
Apr 26 - 07:24 AM
AUD/USD - Rises From 16-Week Low Ahead Of U.S. GDP Data
First appeared on eFXplus on Apr 26 - 05:20 AM
  • AUD/USD hits 0.7036 after pushing its recovery envelope from 0.6988
  • 0.6988 was Thursday's 16-week low as risk aversion weighed on the AUD
  • Ascent from 0.6988 has been aided by some profit-taking on USD longs
  • Fresh AUD/USD offers are tipped at 0.7050 (0.7052 was early April low)
  • 0.7050 offers capped Wednesday rally after steep drop on soft Aussie CPI
  • U.S. Q1 GDP data due at 1230GMT, +2.0 pct is the consensus expectation

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