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China’s NBS: Domestic demand is insufficient

FXStreetJan 17, 2025 5:33 AM

Following the publication of the high-impact China’s fourth-quarter growth and December activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Friday.

Key quotes (via Reuters)

China's economic operations were generally steady in 2024.

The impact from the external environment changes is deepening.

Domestic demand is insufficient.

Economic operations still face many difficulties and challenges.

Expect January consumer price rises to quicken.

Expect a mild rebound in consumer prices in 2025.

Market reaction

AUD/USD is defending gains above 0.6200, marginally higher on the day, at the press time.

Australian Dollar PRICE Today

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen.

 

USD

EUR

GBP

JPY

CAD

AUD

NZD

CHF

USD

 

-0.03%

-0.01%

0.12%

-0.03%

-0.04%

-0.05%

-0.04%

EUR

0.03%

 

0.00%

0.19%

-0.01%

-0.02%

-0.02%

-0.01%

GBP

0.01%

-0.01%

 

0.15%

-0.01%

-0.03%

-0.03%

-0.02%

JPY

-0.12%

-0.19%

-0.15%

 

-0.15%

-0.18%

-0.18%

-0.17%

CAD

0.03%

0.00%

0.01%

0.15%

 

-0.03%

-0.02%

-0.01%

AUD

0.04%

0.02%

0.03%

0.18%

0.03%

 

-0.00%

0.00%

NZD

0.05%

0.02%

0.03%

0.18%

0.02%

0.00%

 

0.01%

CHF

0.04%

0.01%

0.02%

0.17%

0.00%

-0.01%

-0.01%

 

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).

Reviewed byTony
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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