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Published: 2024-01-17T05:50:44.000Z

AUD/USD flows: Soft risk mood and Chinese GDP

byCephas Kin Long Yung

FX Analyst
-

China Q4 2023 GDP 5.2% y/y vs 5.3% expected and 4.9% in Q3

On Wednesday, we have China Q4 GDP which came in slightly lower than 5.3% estimate at 5.2% but improving from 4.9% in Q3, it shows a 1.0% q/q improve which meets estimate. Overall, it meets thew Chinese government goal of 5% growth. The other Chinese activity data showed a mixed picture which is in line with the ongoing scenario in China. Regional equities are lower, so as U.S. major equity indexes but to a smaller magnitude. 

AUD/USD stay depressed by these factors and is trading 0.33% at 0.6562.

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Topics
FX DM
AUD/USD-Commentary
Foreign Exchange
Flows

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