New Zealand Gross Domestic Product (QoQ) registered at -0.9%, below expectations (-0.3%) in 2Q

The Australian Dollar reversed course on Wednesday, tumbled over 0.48% as the Greenback staged a recovery following the Fed’s decision to cut rates by 25 basis points. Although it usually would be negative for the Dollar, the AUD/USD fell from around 0.6707 to current levels at around 0.6652.