When is the Australian Q3 2022 GDP release and how could it affect AUD/USD? – by anilpanchal7 AUDUSD Australia GDP Events RiskAppetite
third-quarter Gross Domestic Product figures, up for publishing at 00:30 GMT on Wednesday, for the AUD/USD pair traders.
That said, forecasts suggest the annualized pace of economic growth to come in at 6.3%, above the previous period's 3.6%, while the quarter-on-quarter numbers could mark the 0.7% growth figures versus 0.9% prior.The economic rebound should continue at a robust pace, supported by the reopening from COVID-19 and tailwinds from earlier policy stimulus.
Hence, positive data from Australia might offer a knee-jerk rebound in the AUD/USD prices but not affect the overall bearish trend. On the contrary, downbeat figures won’t hesitate to please bears with a fresh multi-month low. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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