(MENAFN– ecpulse)
The Australian dollar dropped to four-year lows against the US dollar on Wednesday on weak third quarter GDP data from Australia.
The Australian gross domestic product came weaker than expected and rose 0.3%, weighing on the Australian dollar, while the US dollar gained more support against most major currencies due to growing optimism about the continued recovery of the US economy.
AUD/USD pair hit 0.8389 during late Asian trade, the pair`s lowest since July 2010.
The pair dropped 0.56% around 0.8402, at 08:51 GMT.
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