U.S. GDP drop weighs on the dollar while the Aussie seizes the - TopicsExpress

U.S. GDP drop weighs on the dollar while the Aussie seizes the opportunity The Australian dollar last Thursday erased all losses incurred on the previous day and reached the 0.9317 level for the first time in seven days. Private Sector Credit data, an indicator that measures changes of borrowed funds by the nation’s private sector, released by the Reserve Bank of Australia (RBA) showed that there was a monthly increase of 0.5% in comparison to a 0.4% increase of the previous month. Read our latest blog post for the full currency trading summary: bit.ly/1m4YfJS

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