Aussie Advanced From 3 1/2-Year Low on Growth in China

Source: Bloomberg
© FP
The Aussie added from 3 1/2-year low when the data in China showed growth that was more than the medium forecast. Australia's currency was almost unchanged at 87.79 U.S. cents yesterday at 4:44 p.m. in Sydney after hitting 87.57, the lowest since July 2010, due to Chinese GDP expanding 7.7% in the October and December compared with the previous year. The kiwi slipped 0.1% to 82.46 U.S. cents after touching the weakest point during the week after a 0.3% decrease.
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