AUD/USD Eyes February High After Australian Q4 GDP Beat 2021-03-03 00:30:00 Brendan Fagan, Australian Dollar, AUD/USD, GDP – Talking Points Q4 GDP comes in at -1.1% YoY against an expectation of -1.8% AUD/USD cautiously higher after the release, pushing towards 0.784 The Australian economy looks set to rebound swiftly from the COVID induced recession Advertisement The Australian Dollar climbed after Australian Q4 GDP came in at -1.1% year-over-year (YoY), against an expected reading of -1.8%. The strong beat, coupled with a 3.1% (QoQ) growth rate, compounded recent Aussie strength as the outperformance of the economy attracted more AUD/USD bulls.