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Australian GDP Growth Rate QoQ (Q4) Q/Q 0.8% vs. Exp. 0.6% (Prev. 0.4%, Low. 0.4%, High. 1.0%)

Newsquawk Staff ·

Australian GDP Growth Rate QoQ (Q4) Q/Q 0.8% vs. Exp. 0.6% (Prev. 0.4%, Low. 0.4%, High. 1.0%)

What it means

The Australian GDP growth rate for Q4 came in at 0.8%, exceeding expectations of 0.6% and a previous figure of 0.4%. This strong performance may reinforce a more positive outlook for monetary policy in Australia, possibly influencing the AUD positively against the USD as traders reassess future rate paths in light of this upward surprise.

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