AUD extending its losses now under the 0.73 big figure

The Australian dollar was marked down on the very poor GDP result (a big miss)

• Australian Q3 GDP: +0.3% q/q (expected +0.6%)
• Responses to the Australian GDP data coming in

It had a dead cat bounce only and has slid a little further, now under 0.73

the direction fits with boarded USD strength we have had pretty much across the board here in Asia. Not rampant strength but notable nonetheless,

NZD/USD is joining the AUD in heading south

back to the AUD … responses still coming in have some banks becoming more receptive to a longer period of on hold rates from the RBA … and even accepting that a rate cut may come if consumer/wages/CPI data worsens further.