AUD,NZD/FXWW News

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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