AUD/USD Little Higher, Australian GDP Improves

AUD/USD is trading at 0.7661, up 0.0019. Australia's Bureau of Statistics (ABS) reported that Australian gross domestic product (GDP) rose 1.1 percent in the fourth quarter versus a decline of 0.5 percent in the third quarter. Australia's annualized gross domestic product (GDP) during the fourth quarter rose 2.4 percent from a 1.8 percent rise in the third quarter. Gross Fixed Capital Formation (CAPEX) rose 2.6 percent in the fourth quarter versus a fall of 2.7 percent during the third quarter.