Australia 2nd Qtr GDP

  • expanded 0.6% q/q ( survey 0.7%, prior 1.3%, revised to 1.4%)
  • expanded 3.7 %y/y (survey 3.7%, prior 4.3% , revised to 4.4%)

AUD/USD trading lower at 1.0195/1.0200.

Although somewhat weaker still in line with expectations . Could be room for a bit of a bounce from the weak shorts out there .

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