Published: 2025-12-03T01:05:20.000Z
AUD/USD flows: Knee-Jerk GDP Dip Quickly Reversed
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Australia Q3 GDP +0.4% q/q,
The Australian Q3 GDP has missed estimate at 0.4% q/q after seasonal adjustment. It was to an extent previewed by Tuesday's poor current account deficit and seems to persuade market participants that there maybe no more rate cut from the RBA.
AUD/USD dipped as a knee jerk reaction by 20 pips but those losses are quickly erased and we see AUD/USD trading unchanged at 0.6564.