Dollar rallies as figures show China’s economy slows as planned

ABC – The Australian dollar has rallied after official data showed China’s economic growth met government targets last quarter.  The figures from China’s National Bureau of Statistics show growth in the world’s second-largest economy slowed to an annual rate of 7.5 per cent in the second quarter, down from 7.7 per cent the previous quarter.  But the gross domestic product (GDP) figures met government targets and economists’ forecasts, pushing Australian stocks and the dollar higher.  Read Article

Source Article from http://openyoureyesnews.com/2013/07/16/dollar-rallies-as-figures-show-chinas-economy-slows-as-planned/

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