The China GDP better-than-expected data decreased fears related to the fact that the Chinese economy may experience a hard decrease and pull the world economy down. Investors paid more attention to the GDP macroeconomic indicator and the European stock market trading wave started on the positive note as the US dollar is supported against the euro.
The market is awaiting whether the ECB begins to extend the existing measures in September to support the economy. The bears dominated at the market yesterday, the pair EUR/USD was decreasing the whole day.
The British economy positive development still allows "bulls" to keep the currency in the area of the earlier reached highs.
The Chinese positive news supports the US bond yields, which markedly fell last month amid the sharp expectations reduction, concerning the US rate hike. However, the yen is trading without any changes. The USD/JPY is in a flat now.
Relative to the US dollar, the Australian dollar is growing due to the quotations growth after the Chinese Statistics publication.Publication source