SYFX

AUD on its session low after worse than expected contraction in Q2 GDP

Summary

By sueyangfx.com September 02, 2020 at 03:06AM The Australian dollar had dropped, as had other currencies, but the release of the data for Q2 took a few more points out of it: The drop was larger than expected, but expectations […]

September 02, 2020 at 03:06AM

The Australian dollar had dropped, as had other currencies, but the release of the data for Q2 took a few more points out of it:
The drop was larger than expected, but expectations were expressed with low levels of certainty, it was always going to be a tough call getting estimates correct for this data point. 

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