Australia – Q2 BoP Current Account balance: -13.7bn (vs. expected -14.0bn) via ForexLive

Quarterly BoP Current Account balance, for Q2, -13.7bn

• expected -14.0bn, prior was -5.7bn

The ‘net exports as a % of GDP' for Q2, -0.90

• expected was -0.7%
• prior was 1.40%

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Weak data will detract from the Q2 GDP (for release tomorrow, but the RBA will have it for today's meeting)

This data will subtract about 0.9pp from June quarter GDP

posted via ForexLive