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Forex: Australia GDP higher; Session Ranges

Posted by Akhilesh Ganti on Mar 4, 2014 10:36:00 PM

Australia's 4Q-2013 GDP came out at +0.8% which beat market expectations of +0.7% and sent the Aussie higher to its session highs of 0.8999, just ahead of offers at .9000/0.9020. Overall the composition of the data was actually quite favorable with household consumption rising at its fastest pace since early 2012 but the fall in private investment had some economists expressing concern.

AUS GDP 4Q2013{Source:Bloomberg}

Ranges:{WWM's New ALPHA Trader-DAILY charts [EUR,GBP,AUD,YEN,GOLD,OIL,WallStreet]}(click to enlarge)
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