Forex Flash: A China GDP read of 8.0-8.1%should boost AUD - Westpac

FXstreet.com (Barcelona) - China’s Q4 GDP is the standout event in Asia. Westpac FX analyst Sean Callow notes, "for all the scepticism over the accuracy of Chinese data, AUD, NZD and Asian currencies will react to any divergence between headline GDP and the Bloomberg median forecast of 7.8%..."

He expands: "Forecasts range from 7.4% to 8.3%, with Westpac on 8.1%. A reading in the 8.0-8.1% area would probably boost AUD/USD at least 40 pips. Caution is needed as the 2012 year average number will print at the same time and it should be lower than the Q4 reading (consensus 7.7%, Westpac 7.8%)."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS