16 Apr 2014
AUD/USD recovers above 0.9350 after Chinese economic data
FXStreet (Córdoba) - The AUD/USD bounced from 1-week lows at 0.9335 and rose to 0.9369, reaching a fresh daily high after the release of economic data from China. The Aussie strengthened across the board in the last minutes and recovered ground.
According to the first official estimation, GDP in China during the first quarter grew at an annual rate of 7.4%, slightly above expectations. Economic reports also included retail sales and industrial production.
The AUD/USD currently trades near daily highs above 0.9360 and is removing downside pressures after posting on Tuesday the lowest daily close in a week.
According to the first official estimation, GDP in China during the first quarter grew at an annual rate of 7.4%, slightly above expectations. Economic reports also included retail sales and industrial production.
The AUD/USD currently trades near daily highs above 0.9360 and is removing downside pressures after posting on Tuesday the lowest daily close in a week.