Australian Q2 2024 GDP +0.2% q/q (expected +0.3%)
As previewed by Tuesday's preliminary trade data, the Q2 Australian GDP has come in lower than expected at 0.2% q/q. Household consumption remains a laggard as Australians' are being restricted the low real wage.
AUD/USD is down 0.18% at 0.6699 after reaching a session low of 0.6685.