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4 Mar 2015
Australian Q4 GDP meets expectations – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team reviews the Australian Q4 GDP data release and shares the reaction by AUD post the as-anticipated print.
Key Quotes
“Australia Q4 GDP met expectations y/y and missed by a decimal q/q, as the prior quarter's sequential reading was also revised higher to 0.4% from 0.3%.”
“AUD/USD initially softened on the release before strengthening by about 20pips to 0.7830 following the data.”
“GDP components saw final consumption growth rising to +0.8% v +0.6% prior and terms of trade decline narrowing to -1.7% v -3.5% prior.”
“Separately, RBA's Edwards remarked GDP must grow at least 3% to lower unemployment, but also noted property market inflation remains too fast given conditions in other parts of the economy.”
Key Quotes
“Australia Q4 GDP met expectations y/y and missed by a decimal q/q, as the prior quarter's sequential reading was also revised higher to 0.4% from 0.3%.”
“AUD/USD initially softened on the release before strengthening by about 20pips to 0.7830 following the data.”
“GDP components saw final consumption growth rising to +0.8% v +0.6% prior and terms of trade decline narrowing to -1.7% v -3.5% prior.”
“Separately, RBA's Edwards remarked GDP must grow at least 3% to lower unemployment, but also noted property market inflation remains too fast given conditions in other parts of the economy.”