China's GDP growth slowed to data, AUD / USD fell below 1.02

Tuesday (18 October) morning Asian markets fell, AUD / USD slightly and fell to 1.0200 in the bottom of an integer mark, with most gains recorded earlier, currently at around 1.0165, mainly due to some early time China announced weak third quarter GDP data has an influence on the formation of pressure on the dollar.

China's National Bureau of Statistics released on Tuesday, in the third quarter, GDP increased by 9.1% annually, the expected value of 9.3% rise economists earlier, the previous values ​​have risen by 9.5%, below market expectations and the previous value. In the third quarter, GDP rose by 2.3% over the previous rate values ​​have risen by 2.2%, September Retail growth rate of 1.35%, 1.36% before the value of growth, total retail sales in September 17.7% per year, slightly higher than the previous value.

The weakness of China's GDP data, investors raised concerns the global slowdown, the recovery of the global economy were negative.

China's economic growth slows, economic growth for the Australian economy have serious negative effects, China has the purchasing power of commodities in Australia, China's economic weakness could be there to Australia to make the importation of raw materials has decreased, leading to suppress clogging Australia exports growing to AUD / USD have been suppressed, with most of earlier gains.

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