The dollar fell below the 94 level in morning trade on Wednesday, while the Aussie got a lift from upbeat growth data that beat expectation.
The U.S. dollar index, which tracks the greenback against a basket of six major currencies, lost 0.04% to 93.81 at 10:55PM ET (02:55 GMT), a slide from 94.27 overnight.
The AUD/USD pair gained 0.47% to 0.7652. The Aussie was supported by Australia’s rosy GDP growth figure, which rose 1% on the quarter in 2018’s first three months, beating the estimated 0.8%. On an annualized basis, growth was 3.1%, above both the expected 2.8% and the previous quarter’s 2.4% gain.
The USD/JPY pair gained 0.05% to 109.84. Official data showed on Wednesday that Japanese workers’ real wages were unchanged in April from the same period last year, compared to a revised 0.7% annual increase in March.
