Australian GDP -7% QoQ<\/a> in the April \u2013 June quarter worse than forecast and the deepest contraction on record. Australia entered a recession for the first time in 30 years, after the covid lockdown paralysed the economy.<\/p>\nThe US Dollar is pushing higher despite disappointing ADP private payroll data. 428,000 new jobs were created in the private sector, versus 950,000 expected. Attention will now turn to US factory orders which are due to increase 6% mom.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Australian Dollar US Dollar (AUD\/USD) exchange rate trades -0.5% at US$0.7330. This is the second day off losses for the pair. Australian GDP -7% QoQ in the April \u2013 June quarter worse than forecast and the deepest contraction on record. Australia entered a recession for the first time in 30 years, after the covid […]<\/p>\n","protected":false},"author":163946597,"featured_media":3625,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[1540,1541,1397,1398],"class_list":{"0":"post-104055","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-aud","8":"category-usd","9":"tag-aud","10":"tag-australian-dollar","11":"tag-us-dollar","12":"tag-usd"},"acf":[],"yoast_head":"\n
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