Australian dollar sags as GDP shocker sinks in

The always bid in Asian time Australian dollar is sagging this afternoon as the unfolding GDP shocker sinks in:

Bond yields are back at the lows but won’t break lower despite not fully pricing what’s ahead:

XJO is up a little but does not look well with those little lower lows:

Dalian is down:

It’s amusing watching Big Iron learn nothing from 2015:

Big Gas is mixed:

Big Gold is BTFD:

The Big Bank bear is back and growling:

Big Realty exists in a Scummo safe zone:

There’s a good chance that the AUD will be more heavily beaten up as London comes in later this afternoon. It often has a much better grasp of macro drivers than Asian markets do.