ASX to edge higher, Wall St consolidates
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Australian shares are set to edge modestly higher at the open. Wall Street eased after surging higher the previous session.
ASX futures were up 16 points or 0.2 per cent to 6738 near 8am AEDT. The currency rose 0.7 per cent. The yield on the US 10-year note slipped 2 basis points to 1.40 per cent.
Todayâs GDP data could further bolster the Aussie.
The data could be the catalyst to propel the $A higher again, according to Steven Dooley, currency strategist at Western Union Business Solutions.
âLast quarterâs GDP result beat expectations, and we expect that trend to continue,â Mr Dooley said. âA better-than-expected result from exports along with a strong showing from retail could see the quarterly result as high as 3.0pc.â
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