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.

China GDP Q4 2014 ends at 7.3% y/y

China's GDP report came slightly above expectations, with the Q4 read y/y at 7.3% vs 7.2% exp, although the seasonally adjusted number stood at +1.5% for the last quarter of 2014 vs 1.7% expected.
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AUD/USD bid on good looking data from China

AUD/USD is currently trading at 0.8206 with a high of 0.8219 and a low of 0.8169., down just 0.04% on the day so far.
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