Aussie on track for third weekly loss in row versus greenback

Australian dollar tilted lower in Asian trade against the greenback, ahead of a flood of US GDP, consumer, and goods data later today. 

As of 03:44 GMT, AUD/USD rose 0.10% to 0.7115, with an intraday high at 0.7123, and a low at 0.7104. 

Now investors await US GDP data, expected with a 3.5% growth rate in the third quarter, down from 4.2% in the second. 

Durable goods orders are expected with a 1.6% increase, compared to a 4.3% drop in October, while core orders are estimated with a 0.3% increase. 

US personal spending is expected with a 0.3% growth, down from 0.6% in October, while personal income is estimated with a 0.3% increase. 

Finally, the UoM Consumer Sentiment survey is expected with an increase to 97.6 from 97.5 in November, days after the Federal Reserve hiked interest rates by 25 basis points for the fourth time this year to below 2.50%.