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Forex: AUD/USD retraces from highs

The Aussie dollar is trading in the positive ground on Thursday, gyrating around the key support at 1.0300 after hitting fresh intraday highs in the proximity of 1.0320 overnight....
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Forex Flash: UK GDP to “triple-dip” or not to “triple-dip” – TD Securities

TD Securities point to the UK Q1 GDP as the highlight of the day as it will determine whether the UK avoided the “triple-dip” recession tag or not: “By sector, construction spending is likely to be a big drag, with Jan-Feb data hinting at the sector subtracting about -0.2ppts from Q1 GDP. And with the weak start to the year, we don’t expect significant quarterly growth from any other major sectors as by our tracking they so far suggest only a marginal contribution”, wrote analyst Annette Beacher, expecting a -0.1 to -0.2% contraction despite consensus of +0.1% Q/Q, “which means the media will be focused squarely on dreaming up the most sensationalistic ‘triple-dip’ headlines”.
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