AUD/USD flows: GDP Missed

As previewed from Tuesday's slate of Australian economic release, the Q1 GDP has missed by 0.1% q/q. While it is a soft release, few has been expecting any RBA hikes and thus the market impact is muted. On the other hand, Chinese CAIXIN Service PMI beats estimates after a disappointing manufacturing PMI. 

Regional sentiment is mixed while U.S. major equity indexes are in the green. AUD/USD is trading 0.14% higher at 0.6659.