Market focusing on China GDP data today

The AUD got hit pretty hard on Friday, especially on the crosses, after comments from the Chinese FinMin fuelled fears of lower-than-expected Chinese growth. There were some calming articles in the weekend Chinese press suggesting that the 7.5% growth target is still achievable and these reports have helped the AUD stabilise a bit, especially against the JPY where it’s trading back above 90.00.

All eyes will be on today’s official Chinese GDP data and that is bound to bring some volatility.

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