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Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / The Australian dollar strengthens
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The Australian dollar strengthens

On Monday the AUD/USD pair is rising, despite the mixed Chinese statistics.

The positions of the Australian dollar on Monday look quite stable. Currently the AUD/USD pair is trading around the 0.7292 mark, adding 0.4%.

Morning statistics showed that retail sales in China by the end of September increased by 10.9% y/y against the forecast of growth by 10.8% y/y. Industrial production, in turn, has added only 5.7% y/y against the expected growth by 6.0% y/y. The most interesting report for the Capital Markets - GDP growth - has been very uneven. China's economy in the third quarter expanded by 6.9% y/y with the growth forecast at 6.8%. However, this is considerably lower than where the GDP held earlier – minimums of 25 years are very close.

The National Bureau of Statistics of China immediately commented on the data. The Office believes that there is a certain pressure from the slowdown in the global economy and it is hard to ignore. In addition, there is background pressure from the coming interest rate increase by the Federal Reserve USA. However, China's economy itself operates within reasonable bounds.

Among the statistical data that was presented today a report on the volume of investment was  published. Thus, in the August 2015 the rate of inflow of investments in fixed assets in China showed an increase of 10.3% against the forecast of growth of 10.8%.

In general, the morning Chinese reports did not express anything very negative or positive. The reactions of the Australian dollar are likely to be associated with this - investors want to see a trend and only then draw conclusions.
RoboForex Analytical Department

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