The Business Times
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Australian dollar jumps after upbeat GDP data

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Published Wed, Jun 1, 2016 · 01:49 AM

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    [SYDNEY] The Australian dollar shot up nearly half a US cent on Wednesday after data showed the nation's economy grew at a better-than-expected pace in the first quarter, lessening the need for interest rate cuts.

    The Aussie gained 0.7 per cent on the day to last trade at US$0.7286, pulling further from three-month lows touched last week.

    REUTERS

    Australian dollar

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