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

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