The Australian economy grew by 0.9% in Q3, better than 0.7% that was officially expected. In addition, Q2 was revised up from 0.2% to 0.3%. Year over year, growth came out at 2.5%, better than 1.9% in Q2.
AUD/USD was already underpinned by somewhat higher expectations and didn’t break to higher ground, but it certainly maintains its breakout above resistance.
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