The Australian dollar is hitting a fresh session low, like it did earlier after the woeful GDP data.
The story so far:
First up was a speech then Q&A from RBA Governor Lowe, in order:
- RBA's Lowe says difficult to imagine rates will rise in 2019
- RBA Gov. Lowe: probabilities of hike or cut remain reasonably evenly balanced
- More from RBA's Lowe: Q3, Q4 GDP likely to be significantly below trend
Then, GDP data:
- Australian Q4 GDP 0.2% q/q (vs. expected 0.3%)
- AUD response to the poor GDP result (and why its worse than it appears)
And … rate cut calls:
- AMP again looking for 2 RBA rate cuts in 2019
- Australian Treasurer Frydenberg says GDP showing some moderation
- Responses to the Australian GDP data coming in - 'economy slowed sharply' H2 2018
- View on what the Australian GDP means for the RBA. Rate cuts in August and November
- Barclays on the data to watch from Australia (after the hint from RBA head Lowe)
Its all weighed on the AUD …