# AUD/USD jumps to fresh session high as Aussie Q3 GDP beats estimates — Octa

> The AUD/USD rose to a fresh session high near 0.7390 after Australia's Q3 GDP grew 3.3% quarter-on-quarter, well above the expected 2.6%. Expectations of additional US fiscal stimulus also weighed on the dollar.

- Date: 2020-12-02 · published 2020-12-02T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/49902-aud-usd-jumps-to-fresh-session-high-as-aussie-q3-gdp-beats-estimates-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger Australian growth and a softer US dollar lift dollar-priced commodities marginally, but the currency move has limited direct impact on feed grain supply or prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-26 | [Aussie highest since November as USD tumbles on Fed speculation](https://feedsoft.ai/events/24497-aussie-highest-since-november-as-usd-tumbles-on-fed-speculation.md) | -0.9% | -0.6% |
| DXY | 2022-01-31 | [Euro Jumps Ahead of EU GDP and German CPI as US Dollar Pauses. Where to for EUR/USD? \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/43342-euro-jumps-ahead-of-eu-gdp-and-german-cpi-as-us-dollar-pauses-where-to-for-eur.md) | -0.8% | -0.7% |
| DXY | 2020-08-31 | [AUD touches fresh two year high as US dollar downturn deepens - OFX](https://feedsoft.ai/events/51892-aud-touches-fresh-two-year-high-as-us-dollar-downturn-deepens-ofx.md) | +0.1% | +1.4% |
| DXY | 2026-04-30 | [AUD/USD jumps near 0.7200 as Japan’s intervention sinks the USD - Bytes Europe](https://feedsoft.ai/events/19979-aud-usd-jumps-near-0-7200-as-japan-s-intervention-sinks-the-usd-bytes-europe.md) | -0.8% | -0.1% |
| DXY | 2021-02-24 | [Aussie hits fresh three-year highs against the US dollar, close to 80 US cents](https://feedsoft.ai/events/48819-aussie-hits-fresh-three-year-highs-against-the-us-dollar-close-to-80-us-cents.md) | +0.6% | +1.2% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/867023/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.