On Wednesday morning, Australian GDP data were released. The quaterly GDP data showed an increase only by 0.3% against 0.5% earlier (the forecast: 0.7%), and the annual GDP value was down to 2.7% in comparison to 3.1% ealier. A sharp decrease in GDP growth resulted in weakening of the Australian dollar.
The AUD/USD currency pair, within 5 minutes after the data release, dropped by 64 pips, which allowed to make up to $960, with trading 1 lot!
Australian GDP data