Aussie GDP arrives and pushes AUD/USD up a notch

The Gross Domestic Product released by the Australian Bureau of Statistics has arrived, beating expectations in both the third quarter and the year. This is helping the Aussie to continue to recover across the board. 

GDP arrived as follows:

Australia GDP for Q3 -1.9% QoQ (expected -2.7%).

More to come...

AUD/USD continues its correction to the upside. More to come...

About Aussie GDP

The Gross Domestic Product released by the Australian Bureau of Statistics is a measure of the total value of all goods and services produced by Australia. The GDP is considered as a broad measure of the economic activity and health. A rising trend has a positive effect on the AUD, while a falling trend is seen as negative (or bearish) for the AUD.