Australia GDP Q4: 0.4% qoq vs exp 0.5% qoq vs prior 0.7% qoq
Australia GDP Q4: 2.4% yoy vs exp 2.5% vs prior 2.9% yoy
From the release: Chief Economist for the ABS, Bruce Hockman, said: “Growth this quarter was driven by the household sector, with continued strength in household income matched by growth in household consumption.”
AUD/USD struggling to break 55 day EMA and topped at 0.7814. Rebound from 0.7712 is corrective looking. Focus back on whether 55 H EMA could hold.
