Obama , aussie economy say thanks again .. - The Firearms Forum

jack404 · 04-29-2012, 10:05 PM

THE Australian dollar has risen steeply on weak US growth data.
Official data released on Friday showed the US economy has expanded by an annual rate of 2.2 per cent - less than the forecast 2.5 per cent.
Commonwealth Bank currency strategist Joseph Capurso said this allowed the Australian currency to spike up.
"The main move upwards for the Aussie dollar was based on US dollar weakness because of that GDP result,'' he said.

Read more: http://www.news.com.au/business/aust...#ixzz1tUO8c2YG

raven818 · 04-30-2012, 04:29 PM

Your welcome, jack.
Anything else he can do for you? Probably shouldn't answer that.
Just checked..gold's up 9 bucks since Friday. That generally is bad news for our dollar.

04-29-2012, 10:05 PM	#1
jack404 Former Guest Join Date: Jan 2010 Location: Australia Contributor Posts: 17,622	Obama , aussie economy say thanks again .. THE Australian dollar has risen steeply on weak US growth data. Official data released on Friday showed the US economy has expanded by an annual rate of 2.2 per cent - less than the forecast 2.5 per cent. Commonwealth Bank currency strategist Joseph Capurso said this allowed the Australian currency to spike up. "The main move upwards for the Aussie dollar was based on US dollar weakness because of that GDP result,'' he said. Read more: http://www.news.com.au/business/aust...#ixzz1tUO8c2YG -->

04-30-2012, 04:29 PM	#2
raven818 Advanced Senior Member Join Date: Oct 2011 Location: Jax, Fl. Contributor Posts: 4,423	Re: Obama , aussie economy say thanks again .. Your welcome, jack. Anything else he can do for you? Probably shouldn't answer that. Just checked..gold's up 9 bucks since Friday. That generally is bad news for our dollar. __________________ Firearms and Salt Water Fishing Retired 42 Years LEO