AUD/USD slips from intraday high of 0.7109 despite snapping a two-day downtrend. China’s Q3 GDP came out weaker than expected, Retail Sales and IP data flashed upbeat signals for September. Markets turn cautiously optimistic on Trump’s comments, upbeat US data. AUD/USD trims intraday day gains while declining to 0.7098 after China flashed mixed economic releases during early Monday. The reason could also be traced from the upbeat market sentiment and the broad US dollar pullback. China’s third-quarter (Q3) GDP eased from 5.2% forecast to 4.9% YoY whereas Retail Sales and Industrial Production (IP) rose from 1.8% and ... (full story)

China’s economic recovery disappointed in the third-quarter, growing 4.9% from a year earlier and missing analyst expectations, data from the National Bureau of Statistics showed on Monday. The growth was slower than the 5.2% forecast by analysts in a Reuters poll, and followed 3.2% growth in the second quarter. The economy grew 0.7% in the first nine months from a year earlier, the data showed. The world’s second-largest economy has been steadily recovering from decades-low growth seen in the first months of the year caused by the coronavirus shock. The government has rolled out a raft of measures, including more ... (full story)

China’s economy grew by 4.9 per cent in the third quarter compared to a year earlier, accelerating from growth of 3.2 per cent growth in the second quarter, the National Bureau of Statistics (NBS) announced on Monday. The world’s second-largest economy has recovered strongly after shrinking by 6.8 per cent in the first three months of the year – the first official contraction since the end of the Cultural Revolution in 1976 – due to the lockdown efforts aimed at stemming the tide of the coronavirus pandemic. Third quarter growth was below the 5.5 per cent gain projected in a survey of analysts by Bloomberg. In other ... (full story)