{"id":106997,"date":"2020-12-02T18:06:57","date_gmt":"2020-12-02T18:06:57","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106997"},"modified":"2020-12-02T18:06:57","modified_gmt":"2020-12-02T18:06:57","slug":"104952-aud-usd-consolidates-around-0-7400","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104952-aud-usd-consolidates-around-0-7400\/","title":{"rendered":"AUD\/USD consolidates around 0.7400"},"content":{"rendered":"<ul>\n<li><strong>AUD\/USD lost momentum after closing in on 0.74.<\/strong><\/li>\n<li><strong>Australian economy grew at a stronger than forecast rate in Q3.<\/strong><\/li>\n<li><strong>US Dollar Index bounces back towards 91.50 prior to data.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u00a0AUD\/USD added to Tuesday&#8217;s gains hitting a session high of 0.7393 in the Asian session. The cautious market mood lifted the USD sending the pair south.<\/span><\/p>\n<p><strong>AUD fails to gain despite upbeat GDP data<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The Australian GDP in Q3 expanded by 3.3% QoQ after a 7.7% contraction in Q2 beating forecasts of 2.6%. Even so, the positive impact on the AUD was short-lived.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Wall Street&#8217;s record-setting rally on Tuesday dragged on the greenback. The US Dollar Index (DXY) dropped to a 2.5 year low at 91.10 before staging a technical correction in the European session.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking ahead US ADP Employment Change and the ISM NY Business Conditions Index data\u00a0 is in focus.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The S&amp;P 500 Futures are mildly lower, indicating that\u00a0 AUD\/USD could struggle to\u00a0 gain traction in the US session.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AUD\/USD lost momentum after closing in on 0.74. Australian economy grew at a stronger than forecast rate in Q3. US Dollar Index bounces back towards 91.50 prior to data. \u00a0AUD\/USD added to Tuesday&#8217;s gains hitting a session high of 0.7393 in the Asian session. The cautious market mood lifted the USD sending the pair south. [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":3625,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[],"class_list":["post-106997","post","type-post","status-publish","format-standard","has-post-thumbnail","category-aud","category-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AUD\/USD consolidates around 0.7400 - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104952-aud-usd-consolidates-around-0-7400\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104952-aud-usd-consolidates-around-0-7400\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104952-aud-usd-consolidates-around-0-7400\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"AUD\\\/USD consolidates around 0.7400\",\"datePublished\":\"2020-12-02T18:06:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104952-aud-usd-consolidates-around-0-7400\\\/\"},\"wordCount\":162,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104952-aud-usd-consolidates-around-0-7400\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100056-aud-gbp-down-china-credit.jpg\",\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104952-aud-usd-consolidates-around-0-7400\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104952-aud-usd-consolidates-around-0-7400\\\/\",\"name\":\"AUD\\\/USD consolidates around 0.7400 - 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