The Australian Dollar dipped after 2Q quarter-on-quarter GDP came in as forecast at0.9% and against the previous 0.8%, that has been revised down to 0.7%. Annual GDP to the end of Julywas 3.6% instead of 3.4% anticipated and 3.3% prior. It reveals upward revisions to previous quarters in 3Q and 4Q 2021. Australia’s ASX 200 stockindex firmed slightly on the news after opening lower. The recent weakness has evolved following on from last month’s US Federal Reserve Bank Jackson Hole symposium. In prepared remarks, Fed Chair Jerome Powell laid out the case for much higher interest rates than the market had previously ... (full story)