Australian GDP data – recap & AUD action

• Q4 GDP came in at +0.6% q/q and +3.1% y/y
• In line with median expectations
• Note that Q3 GDP was revised up from +0.5% to +0.7%

AUD/USD is slightly higher at 1.0276/80

• high has been 1.0282
• heavy volumes being reported at the highs
• Earlier posted AUD Orderboard here