$A surges on strong economic growth

06_$A surges on strong economic growth

(Australian Associated Press)

The Australian dollar is pushing towards 73 US cents after the release of stronger than expected economic growth figures.

The economy grew by 1.1 per cent in the March quarter, well above expectations of 0.7 per cent, taking the annual rate to 3.1 per cent.

At 1135 AEST the Australian dollar was trading at 72.86 US cents, up from 72.38 US cents before the data was released.


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