Australia prints decent GDP, still below trend

FXstreet.com (Barcelona) - Australian Gross Domestic Product (QoQ) (Q2) came at +0.6% vs 0.6% exp and also 0.6% prior in Q1 The annual reading for Q2 stood at 2.6% vs 2.5% exp and 2.5% prior.

According to David Scutt, Treasury Dealer at Arab Bank Australia: "Given how persistent the bid has been, anything other than sub +0.5% QQ, +2.4% YY for GDP will see $AUDUSD through .9060-70."