AUDUSD News by Newsroom on 05:56 June 03, 2015 EST
The Euro area will see a 1.4% growth this year. The economy will be stronger on 2016 with a growth of 2% according to the forecast. Germany will see growth of 1.6 and 2.3% in the two years.
In the UK the organization estimates growth for 2015 will be of 2.4% and 2.3% for the following year.
Meanwhile, earlier this morning, Australia posted a stronger than forecast GDP for the first quarter.
The economy grew by 0.9%.
Aussie rose after the positive GDP data. The stronger Australian GDP report dampens expectations for looser RBA policy.