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Breaking: China’s economy expands 5.4% YoY in Q1 2025 vs. 5.1% expected

China’s economy expanded at an annual rate of 5.4% in the first quarter (Q1) of 2025, at the same pace seen in the final quarter of last year, the official data published by the National Bureau of Statistics (NBS) showed on Wednesday. Data beat the market forecast of 5.1% in the reported period.

On a quarterly basis, the Chinese Gross Domestic Product (GDP) rate rose 1.2% in Q1 2025 after advancing 1.6% in the previous quarter, missing the anticipated 1.4% print.

China’s annual March Retail Sales jumped by 5.9% vs. 4.2% expected and 4% prior, while Industrial Production came in at 7.7% vs. 5.6% estimate and February’s 5.9%.

Meanwhile, the Fixed Asset Investment advanced 4.2% year-to-date (YTD) year-over-year (YoY) in March vs 4.1% expected and 4.1% previous.

AUD/USD reaction to China’s data dump

China’s GDP and activity data offers additional boost to the Australian Dollar, as the AUD/USD pair retakes 0.6350. At the time of writing, AUD/USD is trades 0.10% higher on the day.

Australian Dollar PRICE Today

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the US Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD-0.41%-0.19%-0.34%-0.10%-0.40%-0.12%-0.75%
EUR0.41%0.25%0.08%0.30%0.25%0.31%-0.33%
GBP0.19%-0.25%-0.17%0.06%0.01%0.06%-0.53%
JPY0.34%-0.08%0.17%0.26%0.26%0.29%-0.43%
CAD0.10%-0.30%-0.06%-0.26%-0.02%0.00%-0.56%
AUD0.40%-0.25%-0.01%-0.26%0.02%0.03%-0.54%
NZD0.12%-0.31%-0.06%-0.29%0.00%-0.03%-0.59%
CHF0.75%0.33%0.53%0.43%0.56%0.54%0.59%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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