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Forex - Aussie holds gains despite weaker than seen Q2 GDP

Aussie retains gains despite weak GDP

Investing.com - The Aussie held early gains on Wednesday despite weaker than expected second quarter GDP in active trade regionally as the data correlates to China which is a top destination for Australia commodity exports.

AUD/USD traded at 0.7028, up 0.17%, while USD/JPY changed hands at 120.35, up 0.84% and EUR/USD was quoted at 1.1267, down 0.43%.

Australia's second quarter GDP rose 0.2%, below the expected 0.4% quarter-on-quarter gain.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.31% at 95.69.

Overnight, the dollar...


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