Forex
Aussie Economy Surges Beyond Expectations, Boosting AUD/USD
Australia's economy has beaten expectations, expanding by 0.4% quarter-on-quarter in Q2 2026, up from 0.3% in Q1.
The Australian Bureau of Statistics reported this growth, which exceeded the forecasted 0.3% rise.
On an annual basis, GDP increased 2.1%, slowing from 2.5% in the previous quarter but still ahead of the 1.8% consensus.
The release caused the Australian Dollar to strengthen, with AUD/USD rising to 0.7151, up 0.09% on the day.