Obama , aussie economy say thanks again ..

Discussion in 'The Fire For Effect and Totally Politically Incorr' started by jack404, Apr 29, 2012.

  1. jack404

    jack404 Former Guest

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    Australia
    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/aus...dp/story-fn6t6wad-1226342290208#ixzz1tUO8c2YG
     
  2. raven818

    raven818 Well-Known Member Supporting Member

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    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.
     

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