AUD/USD falls to fresh 20-month low

FXstreet.com (Córdoba) - Having broken below the 0.9550 area, the Aussie accelerated losses against the greenback and hit its lowest level since Oct 2011 during the NY session.

AUD/USD remains under pressure across the board, weighed by disappointing GDP figures, and having lost nearly 150 pips throughout the day, it recently hit a low of 0.9510 before bouncing slightly.

At time of writing, AUD/USD is trading at the 0.9525 zone, 1.3% below its opening price, following Tuesday's 1.2% slump. Below 0.9500, next support could be found at 0.9488 (daily low Oct 5 2011).