Australian GDP Hits Its Dollar - CAD Dropped As Political Issue, Sterling Got Weaker For Brexit


  • Australian AUD backs rate lower as expectations

  • U.S. dollar retains near two-week optimum after data

  • GBP weaker as Brexit deal doubts return


Australian economic growth was 0.2 percent in the fourth quarter, below an expected 0.3 percent. The Aussie dollar slid 0.8 percent to as low as $0.7024 in early European trade, its lowest since Jan. 4. As economic indicator slows down in the fourth quarter has took impack on sentiment for AUD, knocking-off the AUD/USD pair to two-month lows near 0.7030.
CAD dropped 0.2 percent to C$1.3373, its record low in almost six weeks, effected by local political issue and wagers the BoC could be near to changing its path. The BoC offers its scheme decision later on Wednesday. The CAD price was unchanged at 96.898 after reaching a two-week most of 97.008 on Wednesday.


The Kiwi monitored the sharp drop its OZ peer and slipped to 0.675. Amid downbeat Aussie principles and increased RBA calls, Asia observed softer risks, therefore, the Yen got better rate against USD near 111 levels. In the meantime, the Cable going back to the 1.3100 support relates to the EU-Englad deadlock on the Brexit just as before.


In commodities side - About both crude benchmarks lowered nearly 1% prior to the US EIA weekend crude supplies stat while gold prices on Comex seemed to restore 1290 levels amid average risk-aversion.

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