Chinese second quarter GDP is the main event in the upcoming Asia-Pacific session. 3
The economist consensus is for 7.7% y/y growth, slowing from the 8.1% rise in Q1, but markets likely priced for a 7.5% reading. Retail sales and industrial production data will be released at the same time 0200 GMT).
It has been a rough outing for the Australian dollar today but bids at 1.0100 have held up so far. With the uptrend breaking down, it will be difficult for AUD to hold the line until the weekend.
