The Japanese yen held weaker in Asia on Tuesday after China reported
better-than-expected figures on GDP, industrial output and retail sales.
USD/JPY traded at 118.22, up 0.56%, while AUD/USD changed hands at 0.8198, down 0.16%.
China's fourth quarter GDP rose 7.3%, industrial production gained 7.9% in December and retail sales increased 11.9%, all beating expectations.
Economists expected the government to report that the economy expanded 7.2% year-on-year in the final three months of last year, down on the third quarter's gain of 7.3%, and the slowest quarterly growth rate since the start of 2009.
Retail sales were seen up 11.7% year-on-year in December, unchanged from November and industrial production rose 7.4% in December year-on-year, a gain over November's 7.2% increase.
Read more Click Here / www.trade4x.net
USD/JPY traded at 118.22, up 0.56%, while AUD/USD changed hands at 0.8198, down 0.16%.
China's fourth quarter GDP rose 7.3%, industrial production gained 7.9% in December and retail sales increased 11.9%, all beating expectations.
Economists expected the government to report that the economy expanded 7.2% year-on-year in the final three months of last year, down on the third quarter's gain of 7.3%, and the slowest quarterly growth rate since the start of 2009.
Retail sales were seen up 11.7% year-on-year in December, unchanged from November and industrial production rose 7.4% in December year-on-year, a gain over November's 7.2% increase.
Read more Click Here / www.trade4x.net
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