Australia's Q1 GDP growth missed estimates due to severe weather and weak demand. Following this data, the Australian dollar weakened against the US dollar, with AUD/USD declining. Additionally, AUD/JPY slipped below 114.50 after the weaker-than-expected GDP data.
Australia's GDP rose 0.3% in Q1 2026, as a massive surge in data center construction offset broader economic stagnation and met market expectations.
Read the full storyThe Australian Dollar weakened against the Yen as GDP growth missed estimates, though the pair's long-term technical bullish structure remains intact.
The AUD/USD pair hovered near 0.7170 as disappointing GDP growth figures dampened expectations for hawkish Reserve Bank of Australia policy moves.
Australia's GDP grew by 2.5% annually in Q1, falling short of forecasts as severe weather and cooling domestic demand weighed on economic activity.