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Australian Dollar appreciates despite lower GDP Q1 – FXStreet

The Australian dollar rose on Wednesday on a risk-on mood. Australia’s first-quarter GDP grew 0.1% from the previous quarter, below expectations of 0.2%. Caixin China Services PMI rose to 54.0 in May, marking the 17th consecutive month of expansion in services activity. The US dollar could rebound due to rising US Treasury yields. The Australian […]

Australian Dollar advances amid risk-on mood, light trading – FXStreet

The Australian dollar strengthened on risk-advanced sentiment after the UoM’s five-year inflation expectations softened on Friday. The Australian share price rose above 7,770, following Wall Street’s gains from Friday. The US dollar weakened after the Gulf Coast University’s May 5-year consumer inflation expectations dropped to 3.0% from an expected 3.1%. The Australian dollar (AUD) rose […]

Australian Dollar remains steady after RBA Minutes – FXStreet

The Australian dollar strengthened on Tuesday as risk appetite improved. Australia’s consumer confidence index fell 0.3% from the previous month in May, marking the third consecutive month of decline. The RBA minutes indicated that future changes to the cash rate would be difficult to determine or even rule out. Rising US bond yields are contributing […]

Lucky Australian Teen Catches Barramundi Fish And Wins $1 Million

Talk about getting lucky! A teenager in Australia has become both rich and famous after he caught a $1 million fish in Katherine (located in the Northern Territory). If you didn’t know, Katherine is known for being where the Outback clashes with the tropics, and as a result, it features both saltwater and freshwater crocodiles. […]