The Aussie outperformed today after data showed exports made a 1.1 percentage point contribution to Q1 GDP, up from a zero contribution in the previous quarter and above the consensus view for a 0.7 percentage point outcome. This sent economists scurrying to upgrade GDP forecasts ahead of tomorrow's release of growth data for the March quarter. AUD-USD was showing a 0.9% gain at the London forex market open, at 0.7245, having logged an eight-day peak at 0.7250. Elsewhere, USD-JPY has settled in the low 111s, below yesterday's one-month peak at 111.40.
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