Australian Dollar Stronger as 3Q GDP Misses

The video discusses the recent performance of the Aussie and Kiwi dollars in response to economic data. The Aussie dollar rose despite lower-than-expected GDP growth, while the Kiwi dollar faced pressure due to falling dairy prices and weak building data. The Reserve Bank of New Zealand is expected to hold rates longer. Meanwhile, the Bank of Korea decided to keep interest rates unchanged, with one board member noting that concerns were exaggerated.

What was the actual GDP growth rate for Australia in the third quarter?

• 2.5%

• 3.2%

• 2.7%

• 3.1%

What was the forecasted GDP growth rate by The Economist for Australia?

• 2.5%

• 3.0%

• 3.1%

• 2.7%

Which factor is contributing to the pressure on the Kiwi?

• Falling dairy prices

• Rising dairy prices

• Higher interest rates

• Increased building data

What decision did the Bank of Korea make regarding interest rates?

• Increased rates to 3%

• Decreased rates to 1.5%

• Kept rates unchanged at 2%

• Raised rates to 2.5%

What was the reaction of the Bank of Korea to the concerns raised by a board member?

• They decided to cut rates

• They increased rates

• They unanimously agreed to keep rates on hold

• They postponed the decision