Australia: Q2 GDP forecasts tweaked higher - ANZ

Analysts at ANZ suggest that Australian GDP forecasts for Q2 have already been tweaked higher and upside surprises in this week's partials – construction work done and capex would firm these expectations and add further support to the AUD on crosses.

Key Quotes

“Growth alone is not enough to trigger a shift in the RBA bias, just yet. So, we would use this opportunity to sell the rallies.”