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