China GDP (YoY) Q3: 3.9% (exp 3.3% vs. prev 0.4%), Aussie remains volatile
China's delayed release of Gross Domestic Product has been released showing that the nation grew year over year for the third quarter by 3.9% vs. the expected 3.3% and the previous 0.4%.
AUD/USD is volatile on the day related to suspected Japanese forex market intervention. The pair is losing some 0.27% at the time of writing and has fallen to a low of 0.6348 from 0.6411 the high.
There have been a number of data releases that have followed GDP as follows:
Chinese Trade Balance (USD) Sep: (exp 80.30B; prev 79.39B),
Exports (YoY) Sep: 5.7% (exp 4.0%; prev 7.1%),
Imports (YoY) Sep: 0.3% (exp 0.0%; prev 0.3%),
Chinese New Home Prices (M/M) Sep: -0.28% (prev -0.29)%),
Chinese Retail Sales (YoY) Sep: 2.5% (exp 3.0%; prev 5.4%) ,
Retail Sales YTD (YoY) Sep: 0.7% (exp 0.9%; prev 0.5%,)
Chinese Industrial Production (YoY) Sep: 6.3% (exp 4.8%; prev 4.2%),
Industrial Production YTD (YoY) Sep: 3.9% (exp 3.7%; prev 3.6%),
Meanwhile, China's Xi Jinping secured a precedent-breaking third leadership term on Sunday and introduced a top governing body stacked with loyalists, cementing his place as the country's most powerful ruler since Mao Zedong.
Author
Ross J Burland
FXStreet
Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.
