The Australian dollar fell because of the GDP data

The Australian dollar fell on Wednesday during the Asian trading session, as Australian GDP shrank in the third quarter.
AUD/USD was trading at 0.7431, down by 0.40%, and the USD/JPY rose by 0.12% to 114.16.
The US Dollar Index, showing the strength of the dollar against the six major currencies, was up by 0.01% to 101.52.
In Australia the day is rich in fresh indicators. Thus, the index of activity in the construction sector from AIG rose from 45.9 in November to 46.6, and in the third quarter GDP fell qoq by 0.5% and grew year on year basis, while it was expected to grow by 0.3% and 2.5% respectively.
Reduction of GDP, the highest since 2008, is one of the biggest deviations from the forecasts of the Reserve Bank of Australia's history. RBA, according to the calculations of economists expect GDP growth somewhere at 0.5%. Although officials expect that GDP will retrace in the fourth quarter, the lowest rate will attract the attention of traders to the report on the state of the labor market and definitely will soften the current neutral position of the central bank.