Australian dollar spikes as GDP shows growth

Vanessa Desloires and Stephen Cauchi

Updated Jun 3, 2015 – 5.22pm, first published at 10.44am

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The Australian dollar surged for a second straight day on positive local data, as better-than-expected GDP data showed the Australian economy grew by 0.9 per cent in the March quarter.

The Aussie was trading at US77.60¢ just prior to the Wednesday morning announcement, spiking half a cent immediately after the data was released to reach as high as US78.17¢.