Some of the 'partials' are in this post, the data released a few minutes aog:
While the consensus leading into this data was that Q1 GDP (due Wednesday) would be 0.2% q/q this data suggests it may be weaker. perhaps Bank of America will be on the money with their call:
While the RBA is trying to drive inflation lower by holding the cash rate high, and some even expect further rises:
The weak economy is another factor that will give the reason to have to think very hard indeed about further tightening. A The weak economy risks losses for jobs ahead. The RBA is keen to preserve the gains it has seen in the labour market.
Back to AUD, lower after the data
![audusd gdp preview 04 June 2024 2](https://images.forexlive.com/images/audusd%20gdp%20preview%2004%20June%202024_id_c4291429-8969-42bb-8aaa-3f1b6d47047b_size900.jpg)