Aussie recovers a little after China GDP data

On Friday, the Australian dollar recovered a bit during Asia trade because GDP figures from China, Australia’s key trading partner proved better than expected, although the currency traded lower so far on the day.    

The currency pair AUD/USD was worth 0.7625, showing a 0.08% decline, while USD/JPY managed to gain up to 0.78%, trading at 106.20. As for GBP/USD, this currency pair headed north 0.57%, trading at 1.3418.        

The U.S. dollar index, normally gauging the greenback’s true strength against other major six currencies dared to rise 0.04%, being worth 96.14.

Overnight, the evergreen buck was trading at three-week peaks against its major Japanese counterpart as stimulus hopes kept pressuring the Japanese national currency, while the sterling was trading above 1.33 after the BoE decided to leave its interest rates intact in a surprise decision.

The BoE gathering minutes stated that the previous month’s vote to break up with the European Union is causing the UK’s economy to weaken and it singled out the housing market as an area of speical concern.

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