AUD’S HAD A POOR MORNING ..PRICE ACTION WISE.

AUD traded poorly this am..
We have the soft GDP to come out tonight which is causing a few to pare back longs..
But volumes have not been substantial.
’’Paul Bloxham: The implications for rates of tomorrow’s GDP numbers is expected to be limited and we still expect the next RBA rate hike in July or August.’’

 

HSBC Global Research