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.

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera