AUD: A$ Continues To Underperform Following Disappointing GDP

AUDUSD has been in a narrow range during APAC trading today but is off its intraday low of 0.6422 to 0.6433, close to the high of 0.6437. Aussie underperformed the G10 on Wednesday and continues to struggle following disappointing GDP data. It is down against other major currencies. The USD index is slightly lower.

• Aussie has trended lower against kiwi to be down 0.2% to 1.0965 as yield spreads narrow.
• AUDJPY is down 0.2% to 96.66 after a low of 96.46. AUDEUR is another 0.1% lower at 0.6113 and AUDGBP is little changed at 0.5062.
• Equities are mixed with the ASX up 0.2% but Hang Seng down 1.1% and the S&P e-mini 0.1%. Oil prices are slightly lower with WTI at $68.50/bbl. Copper is -0.2% and iron ore is down to around $105/t.
• Later the Fed’s Barkin speaks and US November Challenger job cuts, October trade and jobless claims print. Canadian November PMI, German October factory orders and euro area retail sales are also released. BoE’s Greene speaks.