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Australian Q2 GDP rose 0.4% q/q versus the 0.3% Reuters consensus and 2.1% y/y against 1.8% expected, lifting market-implied odds of a September RBA hike to 57% from 48% with November already more than fully priced. The repricing pushed AUD/USD above 0.7150 and adds to the front-end yield differential story, keeping carry-sensitive FX and rate-sensitive risk assets, including high-beta crypto, exposed to a hawkish G10 tail rather than the global easing narrative. Growth composition is the swing factor: consumption rose 0.5% q/q while gross fixed capital expenditure fell 0.3%, so watch trimmed mean inflation, currently stuck at 3.6%, and the next labour print to confirm whether the RBA actually delivers in September or lets November do the work.
As a Macro signal, watch whether it changes price action, volatility, or flows around BTC, ETH.
Original Source: InvestingLive News
This page is market information analysis, not investment advice.
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