Economic growth data from Australia in the April to June quarter of 2023.
+0.4% q/q
- expected +0.3%, prior +0.2%
+2.1% y/y
- expected 1.8%, prior 2.3%
The Chain Price Index inflation indicator is at -2.2% for the quarter.
A better-than-expected result for the growth data ended June 30. Its not all good news though, labour productivity fell in the Q.
AUD/USD down a few tics. As is NZD, GBP, EUR, CAD ... so a bit of a USD move really.
USD/CNH is where the action is ...
