China's growth slows to 7.4% in Q1 2014

FXStreet (Bali) - China's Q1 2014 GDP (QoQ) came at 1.4% vs 1.4% exp and 1.8% last, while the annual reading for Q1 2014 stood at 7.4% vs 7.3% exp and 7.7% last. Other results included industrial production (YoY) for February at 8.8% vs 9.0% exp and 8.6% last, with retail Sales (YoY) (Feb) at 12.2% vs 12.1% exp and 11.8% last, and urban investment (YTD) (YoY) (Feb) coming at 17.6% vs 18.1% exp and 17.9% last.

AUD/USD recovers above 0.9350 after Chinese economic data

The AUD/USD bounced from 1-week lows at 0.9335 and rose to 0.9369, reaching a fresh daily high after the release of economic data from China.
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