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[QUOTE="Vistabrokers, post: 86465, member: 32993"]
[b]Vista Brokers: Aussie Rose after Strong Statistics from China[/b]

[img]http://www.hostpic.org/images/1507151317380090.jpg[/img]

During early trading in Forex the Australian dollar was losing positions after the release of the Westpac consumer sentiment index, which has fallen in July to 92.2, its lowest level since December last year. However, as Vista Brokers say, later Aussie has changed its direction and began to grow after the publication of statistics in China. Immediately after the strong data release, AUD / USD has added 0.12% to 0.7466.

All China's statistics published at 02:00 GMT were better than expected, which, of course, has added optimism to the Australian dollar and other "commodity" currencies. So, the real GDP (from the beginning of the year) has increased in Q2 by 7.0% against the expected 6.9%. Industrial production in June has increased by 6.8%, while the forecast predicted weaker value of 6.0%. The volume of retail sales during the first summer month has also risen more than expected ( by 11.4% instead of 11.2%).

From the news published during the Asian session, it is also worth noting that the Bank of Japan has voted 8 to 1 for leaving its monetary policy unchanged. It is worth noting that the Japanese central bank has revised its forecasts for GDP and inflation for the next three fiscal years, with a decrease.
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