Australia Q2 GDP: 0.2 % q/q (vs. expected +0.4%)

Q2 GDP data for Australia

 +0.2% q/q

• expected is +0.4%
• prior was +0.9% ... which was a strong result, so some 'give back' was expected today

+2.0 % y/y

• expected +2.2%
• prior was 2.5%, revised up from 2.3%

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Previews are here if u wanna see how wrong I got it:

• Australian Q2 GDP - preview. Is the 0.4% consensus estimate still valid?
• Australian dollar trades below 0.7000 ahead of GDP due today - weak reading coming?

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So, a 'miss' on expectations ... but Australia still one of the developed world's fastet growing economies ;-)

more to come

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AUD/USD has dipped below 0.7 on the release, for the second time today ... 0.6988 (or thereabouts) on the spike down ... and as I update 0.7012