Breaking: China’s GDP expands 4.9% YoY in Q3 vs. 4.4% expected

FXStreet Team FXStreet

The official data released by the National Bureau of Statistics (NBS) showed on Wednesday that China’s economy expanded at an annual rate of 4.9% in the third quarter of this year, as against the 6.3% growth in the second quarter. The market expectation was for an expansion of 4.4% in the reported period.

Over the quarter, Chinese Gross Domestic Product (GDP) increased by 1.3% in Q3 vs. 1.0% expected and 0.8% previous.

China’s September Retail Sales YoY, jumped 5.5% vs. +4.9% expected and +4.6% prior reading while the country’s Industrial Production came in at 4.5% YoY vs. 4.3% forecasts and August’s 4.5%.

Meanwhile, the Fixed Asset Investment increased 3.1% YTD YoY in September vs 3.2% expected and 3.2% last.

AUD/USD reaction to China’s data dump

The Australian Dollar is catching a fresh on mostly upbeat Chinese data releases. AUD/USD is testing intraday highs near 0.6370, up 0.13% on the day.

15-minutes chart

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 Pound Sterling.

	USD	EUR	GBP	CAD	AUD	JPY	NZD	CHF
USD		-0.03%	0.06%	-0.08%	-0.06%	-0.01%	0.04%	-0.12%
EUR	0.02%		0.08%	-0.05%	-0.04%	0.02%	0.06%	-0.10%
GBP	-0.06%	-0.08%		-0.13%	-0.17%	-0.05%	-0.06%	-0.17%
CAD	0.10%	0.09%	0.13%		-0.04%	0.08%	0.08%	-0.03%
AUD	0.13%	0.09%	0.18%	0.06%		0.10%	0.17%	0.01%
JPY	0.01%	-0.02%	0.05%	-0.07%	-0.13%		-0.04%	-0.11%
NZD	0.00%	-0.01%	0.06%	-0.05%	-0.12%	0.00%		-0.11%
CHF	0.12%	0.10%	0.18%	0.05%	0.06%	0.11%	0.16%

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 Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).

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FXStreet Team

FXStreet

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