Chinese GDP & Industrial Production
China is expected to release its quarterly economic growth data and industrial production figures at 05:00 a.m. MT time.
China is the world’s second largest economy, so its economic performance indicators affect nominal exchange rates of major currencies. Note that recent releases indicated that China’s economy expanded at a slightly faster pace than it was expected. Market participants will be keen to know whether this trend continues or not.
Upbeat figures might offer support to such risk-sensitive currencies as AUD and NZD. If we get releases with disappointing headlines, consider buying the safe havens (JPY, CHF).