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TDUX
Jun 02 - 10:55 PM

AUD/USD - Softens As GDP Slightly Undershoots Forecast

By James Connell  —  Jun 02 - 09:37 PM

• AUD/USD -0.1% Wed after growth slows in Q1 and Middle East trouble flares

• AU Q1 real GDP +0.3% q/q (poll +0.5%), +2.5% y/y (poll +2.6%)

• RBA officials Bullock, Hunter & Kent appear before Senate Committee 0500 GMT

• Iran hostilities rekindled as U.S. intercepts regional missile attacks

• Israel's strikes on Lebanon continue U.S.-mediated partial ceasefire

• AUD unlikely to break 0.7080-0.7200 channel without fresh catalyst

• Range Asia 0.71715-815, support 0.7080 0.6834, resistance 0.7200 0.7283
AUD Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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