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Dec 03 - 09:55 PM

AUD/USD - Slips As Australia's Q3 GDP Shows Anemic Growth

By Krishna K  —  Dec 03 - 07:50 PM
  • AUD/USD -0.3% as Australia Q3 GDP rises 0.3% from last qtr vs 0.4% forecast

  • Year-on-year GDP rises 0.8%, was expected at 1.1%

  • Sluggish growth pace likely to raise expectations of less hawkish RBA stance

  • Weak growth, easing house pxs may prompt RBA to tone down hawkish rhetoric

  • Escalating global trade and tariff tensions likely to cap rally attempts

  • Fed Dec rate cut expectations, metals rally support;Asia range 0.6464-0.6488

  • Support 0.6435-45, 0.6400-10, resistance 0.6505-15,0.6530

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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