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FOREX-China GDP gets little cheer, dollar rides 'Trump trade'...

The Australian dollar and Chinese yuan ticked higher after China's third-quarter growth figures came in slightly better than forecasts. However, pressure remains on policymakers to roll out more stimulus quickly. The dollar is headed for its third weekly gain in a row, helped by a dovish European Central Bank and strong US data. China's economy expanded 4.6% in Q3, but property investment fell more than 10% in the first nine months of the year. Retail sales and industrial production picked up in September.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-13973735/FOREX-China-GDP-gets-little-cheer-dollar-rides-Trump-trade-weekly-rise.html
Source Id: 8368814599

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