AUD popped above 0.7090 ahead of the GDP due at the bottom of the hour

The Australian dollar had dipped earlier in the session here on comments from RBA Governor Lowe, most specifically this one:

• RBA's Lowe says difficult to imagine rates will rise in 2019

(though there were plenty of other to choose from if you'd prefer)

The GDP data is coming at 0030GMT

• expected 0.3% q/q, prior 0.3% also
• expected 2.6% y/y, prior 2.8%

I've noticed this from Bloomberg economist, seemingly a bit more optimistic, looking for growth to have picked p in QQ

Citing as positives:

• Consumption may have been broadly stable
• unemployment rate held at 5.0%
• wage growth stable
• Private investment picked up
• trade surplus in goods and services … Export growth picked up, while import growth slowed

And as negatives:

• retail sales slowed
• ongoing slump in house prices

We'll soon find out!

---

ICYMI, all of Lowe's comments:

• More from RBA's Lowe: Q3, Q4 GDP likely to be significantly below trend
• RBA Gov. Lowe: probabilities of hike or cut remain reasonably evenly balanced
• RBA's Lowe says difficult to imagine rates will rise in 2019