Pressure on the Aussie night did not stop, and the currency fell to a new monthly minimum of 0.9537. Weaker-than-expected GDP data for the third quarter led to aggressive selling of hedge funds, and the recent lows - a direct proof of that. In addition, studies of industry there is evidence that the sector contracted third consecutive month in November. Nevertheless, the strong Chinese data PMI, which helped restore the euro, and later provided some support for the Australian. As a result, Australian rose by more than a figure with a night minimum in early trading in London up to 0.9650. All this confirms that there has been remarkable and consistent sell-Australian in the last month, partly due to the fact that the main drivers were covered by long positions and the dollar. Ossie can just go so its course. If this is true, then soon we may see some signs of stabilization in Aussie.
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