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Dec 04 - 07:55 AM

AUD/USD - Plumbs Four-Month Low On Australia Q3 GDP Miss

By Rob Howard  —  Dec 04 - 05:35 AM
  • AUD/USD slid to 0.6408 in Asia as below-forecast Aussie Q3 GDP data hurt AUD

  • Australian Q3 GDP up 0.3% QQ vs 0.4% f/c. 0.6408 is lowest level since Aug 5

  • Recovery rally from 0.6408 topped out around 0.6450 (large option expiry)

  • The size of the 0.6450 strike for the 10am ET cut is A$1.3 billion

  • US ADP data due 1315 GMT; 150k f/c. US ISM services index 1500 GMT; 55.5 f/c

  • CBA predicts AUD/USD will drop to 0.60 in 2025 (it was last at 0.60 in 2020)

Source:
London Stock Exchange Group | Thomson Reuters

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