Australian Dollar rises due to Chinese economy expansion

Source: Bloomberg
© scanpix/RS
The Aussie posted a slight increase after hitting a six-year low, since the Chinese economy growth in the second quarter exceeding economists' expectations. According to the National Bureau of Statistics, China's GDP advanced 7% in the second quarter compared to the previous year. Therefore, the Australian Dollar added 0.2% to trade at 74.68 US cents after slipping to 73.72 cents on July 8 and rose 0.3% to 92.25 versus the Yen.
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