For AUD traders, do take note of Australia’s Second Quarter GDP due for release today. This will indicate Australia’s economy performance during this pandemic, especially in view of burgeoning cases in the state of Victoria. The RBA recently announced its decision to keep its rates status quo. Forecast for Australia’s GDP is quoted at -6.0%, with the 6 percent contraction telling the story of the pandemic’s impact.
In terms of the AUD, the AUD/USD was seen to struggle in keeping the 25-month high, although keeping its position above 0.7300.
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