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Q3 GDP growth was a touch above bank's forecasts – RBA’s Stevens

FXStreet (Mumbai) - Additional headlines from RBA Governor Stevens are crossing the wires, with the central bank chief expressing his views on the latest Australia’s GDP numbers and the future monetary policy path.

Key Quotes:

Q3 GDP not a bad outcome

Q3 economic growth of 2.5 pct just a little bit below trend

Q3 GDP growth was a touch above bank's forecasts

RBA has no further guidance on rates, "chilling out or otherwise"

AUD/USD bulls lack enthusiasm on decent Q3 GDP?

AUD/USD was marginally higher on the release of a decent result in the Q3 data for the Australian economy, both q/q and y/y. The September Q3 q/q arrived at +0.9% vs +0.8% expected and better than the +0.2% prior. Y/y arrived +2.5% vs +2.4% expected and +2.0-% prior of which Stevens was reported being pleased with saying, it was not a bad outcome and just a little below trend.
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Analysts at ANZ explained that the USD sold off yesterday as markets digested the potential for a weak manufacturing print.
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