20 Jan 2015
AUD not reacting after leaked GDP spike
FXStreet (Bali) - The Australian Dollar is barely reacting to the better-than-expected China's GDP data (7.3% vs 7.2% exp) after jumping on the leaked GDP rumours pre-release, which were suggesting a China GDP read at 7.3% or 7.4%
It is therefore not surprising at all to see the slight retracement sub 0.82 after a spike to 0.8215 pre-release. Dec IP and Retail Sales also came upbeat, while Fixed Asset investment was slightly lower than forecast.
It is therefore not surprising at all to see the slight retracement sub 0.82 after a spike to 0.8215 pre-release. Dec IP and Retail Sales also came upbeat, while Fixed Asset investment was slightly lower than forecast.