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Aussie slightly lower after China GDP data earlier

The antipodeans are the slight laggards as we get into European trading today, with AUD/USD down 0.4% to 0.6810 currently. This comes after the China Q2 GDP data earlier here. While there was a beat in the quarterly estimate, the focus seems to be on the yearly estimate - which disappointed heavily. In turn, that is also weighing on the Chinese yuan as well as domestic stocks today.In the case of AUD/USD, the pair is also weighed down after a run up against its June highs near 0.6900 at the end... Read More

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Aussie

Slightly

Lower

After

China

Data

Earlier

Forex

Posted: Jul 17 2023, 06:55

Author Name: forexlive

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