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Forex News- Aussie stands tall after Chinese GDP growth surpasses expectations (news: 17/07/17)

Today's press

  • China, the world’s second largest economy and a driver of the emerging markets, has overperformed in terms of growth in the second quarter of the year, providing relief to policymakers who are currently engaged in efforts to limit financial risks from soaring debt levels and a brewing property bubble. Following the statistics, the Australian dollar bounced higher, reaching a more than one-year high.

  • Investing.com - The dollar was wallowing near 10-month lows on Monday after data showing that China’s economy gained momentum in the second quarter amid lingering doubts over the Federal Reserve’s plans to raise interest rates again this year.

  • Business activity grew modestly in New York State, according to firms responding to the July 2017 Empire State Manufacturing Survey. The headline general business conditions index fell ten points to 9.8. The new orders index moved down to 13.3, and the shipments index fell to 10.5, suggesting that orders and shipments continued to grow, though at a somewhat slower pace than in June.

  • LONDON (Reuters) - Sterling slipped back below $1.31 on Monday after soaring to its highest levels in 10 months at the end of last week on a broad dollar sell-off.

Next trading day's important events

Forex quotes:

  • USDJPY: 112.41
  • EURUSD: 1.1472

Indices:

  • S&P 500: 2460.79
  • NASDAQ: 6324.50

 



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