Aussie dollar hits four-and-a-half year low

By Leith van Onselen

The Australian Dollar (AUD) hit fresh four-and-a-half year lows against the US dollar this morning, following the strong US third quarter GDP results, which saw GDP rise by a 5% seasonally adjusted annual rate.

The dollar fell to US80.89¢ in early trade before rebounding to trade at around US81.08¢ for most of the morning (see next chart).

Note that Houses & Holes forecast an AUD of $US80 in January, so it looks like he might just hit it!