Australian dollar lower amid weak GDP, strong $US
THE Australian dollar has weakened following Wednesday’s disappointing economic growth figures and a resurgence of the US dollar.
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THE Australian dollar has weakened following Wednesday’s disappointing economic growth figures and a resurgence of the US dollar.
At 0630 AEDT on Thursday, the local currency was trading at 78.14 US cents, down from 78.23 cents on Wednesday.
Australia’s economy grew by 0.5 per cent in the December quarter and by 2.5 per cent in 2014, official figures on Wednesday showed, which was weaker than economists expected.
Meanwhile, the US dollar strengthened overnight.
Originally published as Australian dollar lower amid weak GDP, strong $US
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