The Australian dollar has shed more than half a US cent following a slightly weaker than expected economic growth result.
At 1200 AEDT on Wednesday, the local unit was trading at 90.77 US cents, up from Tuesday's closing level of 90.67 cents.
But the currency tumbled from 91.34 US cents after official data showed gross domestic product (GDP) grew by 0.6 per cent in the September quarter.
The numbers were only marginally below forecasts of a 0.7 per cent increase.
Traders were disappointed following a strong run of business investment, retail sales and trade balance data this week, Westpac senior currency strategist Sean Callow says.
"This was a bit of a bucket of cold water," he said.
"There had been a lot of late money and top money betting on a stronger number.
"There seemed to be optimism that it was going to surprise to the upside so it has caught some people out."
The figures, while disappointing to financial markets, would be unlikely to spark an interest rate cut from the Reserve Bank of Australia next year, he added.
"Really, if expectations are 0.7 and it came out at 0.6 ... people really shouldn't be dumping the Aussie dollar so aggressively because it's not a game changer for the RBA," Mr Callow said.
Meanwhile, Australian bond futures prices were firmer.
At 1200 AEDT on Wednesday, the December 10-year bond futures contract was trading at 95.755 (implying a yield of 4.245 per cent), up from 95.735 (4.265 per cent) on Tuesday.
The December three-year bond futures contract was at 96.880 (3.120 per cent), up from 96.840 (3.160 per cent).
AAP saj/gfr
-AAP