The AUDUSD has bounced 30 pips, to above 83c, on the back of the GDP number of +0.6% in Q2. Analysts feel that the higher than expected result is likely to re-visit expectations that the RBA will hike before the end of 2009.
There has been some immediate buying of AUDJPY as well, taking it above 77.00 and in the process has taken other Yen crosses higher with it. Sellers on top at 8330-50, now wait to be tested.
