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Thursday 8 September 2016

Australian GDP Offers Doesn't Clarify RBA's Next Move, Cools AUD Rally: Forex News by DailyFX

Published on Sep 7, 2016
Talking Points:

• Australian GDP for 2Q was slightly below the expected pace at 0.5% quarterly growth versus 0.6% expected
• Following the uneven Aussie Dollar climb following the RBA decision to hold rates, conviction faltered
• Swaps market continues to price in one further rate cut from the central bank over the coming year

@JohnKicklighter

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