Aussie goes down on gloomy Q3 GDP figures

Aussie goes down on gloomy Q3 GDP figures

On Wednesday, the Australian dollar went down after third quarter GDP estimates turned to be weaker than anticipated notwithstanding the data lags more timely figures, including wage surge.

As Australia informed, the country’s third quarter GDP tacked on 0.6% versus a 0.7% soar observed on quarter and shy of the 3% tempo on year anticipated.

The currency pair AUD/USD inched down 0.35% being worth 0.7581. Meanwhile, USD/JPY showed an outcome of 112.44, sinking 0.15%. The currency pair GBP/USD dived 0.20% trading at 1.3416.

Tracking the greenback’s strength versus a basket of six key currencies, the US dollar index ascended 0.24% reaching 93.27.

Overnight, the evergreen buck rallied versus a basket of currencies because everlasting optimism over the progress of tax reform compensated weaker-than-anticipated service sector data.

The tax cuts, generally considered to be inflationary, kept spurring an uptick in the US currency, compensating economic data, which showed that in November American services activity fell short of hopes.


Aussie and Kiwi ascend

On Tuesday, the Australian and New Zealand dollars edged up versus their American rival notwithstanding the publication of dismal Australian data because market sentiment on the US currency turned to be vulnerable ahead of the Fed’s last policy gathering…

Greenback is steady with focus on Fed gathering

On Tuesday, the evergreen buck was sturdy enough keeping to two-week maximums against a basket of key currencies, with market participants waiting for the Fed’s policy gathering this week for new catalysts…

Bitcoin futures overleap $18,000

On Monday, the world’s craze for cryptocurrencies entered a fresh chapter as bitcoin futures shockingly ascended by one-fifth of their market value at a closely-monitored launch…


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