{"id":21446,"date":"2011-06-01T07:04:58","date_gmt":"2011-06-01T11:04:58","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=14502"},"modified":"2011-06-01T07:04:58","modified_gmt":"2011-06-01T11:04:58","slug":"australian-gdp-contracts-1-2-aud-shrugs-continues-climb","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/06\/01\/australian-gdp-contracts-1-2-aud-shrugs-continues-climb\/","title":{"rendered":"Australian GDP Contracts 1.2%; AUD Shrugs, Continues Climb"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/8.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>The Australian Bureau of Statistics released its gross domestic product (GDP) report this morning, revealing a 1.2% contraction in its national economic growth. The figure has so far had little effect on the value of the Australian dollar (AUD) considering the news happening elsewhere.<\/p>\n<p><span id=\"more-14502\"><\/span>With concerns about employment and manufacturing growth in the United States, the potential for Greece to dodge a debt restructuring, and a <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/06\/01\/moody%E2%80%99s-places-japan-in-path-of-bond-downgrade\/\">possible downgrade<\/a> of Japan\u2019s bond rating by Moody\u2019s, a downtick in Australia\u2019s GDP was hardly significant enough to shift investors away from the higher yielding Aussie. For now, the AUD appears to have simply shrugged off the news and continued its bullish hike.<\/p>\n<p>Read more forex trading news on our <a href=\"http:\/\/www.forexyard.com\/blog\/en\/\">forex blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> The Australian Bureau of Statistics released its gross domestic product (GDP) report this morning, revealing a 1.2% contraction in its national economic growth. The figure has so far had little effect on the value of the Australian dollar (AUD) consid&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-21446","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=21446"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21446\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}