Much lower than expected, AUD hit back down to 9030!
Australian Q3 GDP has come in at +0.2% QoQ, much lss than the forecast of +0.4%. Q3 real GDP came in at +0.5% YoY against expectations of +0.7%.
March bill futures extend gain with less chance of a February rate hike now. AUDUSD falls back to 9030 but the 9020 level as we mentioned this morning, seems it might hold for now. We may see a further sell off in Europe tonight but Asia will have to trade 9020-9070 for now, with a bias to break the downside.
