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Forex - Aussie quoted nearl flat in early Asia ahead of Q3 GDP

Published 12/06/2016, 05:15 PM
Updated 12/06/2016, 05:18 PM
© Reuters.  Aussie flat
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Investing.com - The Aussie was quoted nearly flat in Asia on Wednesday ahead of gross domestic product data in Australia for the third quarter.

AUD/USD was quoted at 0.7460, down 0.01%, while USD/JPY last traded at 114.02, flat.

The U.S. dollar index, which measures the greenback against a basket of currencies, was last quoted at 100.51, up 0.35%.

In Australia a busy data day with the AIG construction index for November followed by third quarter GDP with a 0.3% gain seen quarter-on-quarter and a 2.5% pace year-on-year.

Overnight, the dollar rose on overwhelming expectations of the first rate hike in a year by the Federal Reserve next week.

In the U.S., data showed that the trade deficit widened to a four month high of $42.6 billion in October from a revised $36.2 billion in September, as imports rose to the highest level in 14 months.

A separate report showed that labor productivity rebounded in the third quarter, with the fastest rate of growth in two years. Factory orders rose 2.7%, more than the 2.6% gain seen month-on-month for October.

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