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China Q2 GDP grows 4.3% YoY, lifting AUD/USD
Australia’s Australian Dollar edged up after China’s Q2 GDP came in below expectations, with AUD/USD up 0.18% to 0.6988 at the time of writing.
China’s economy expanded 4.3% year over year in Q2 2026, compared with 5.0% growth in Q1, according to official data published by the National Bureau of Statistics. The print was below the 4.5% market consensus.
The same data release showed quarterly growth of 0.9% in Q2 versus 1.3% in Q1. Other activity indicators included retail sales rising 1.0% year over year in June, industrial production up 5.3%, and fixed asset investment falling 5.7% year to date in June.
Following the GDP and activity figures, the Australian Dollar moved slightly higher, with AUD/USD up 0.18% to 0.6988 at the time of writing. The article links AUD moves to factors including China’s growth since China is Australia’s largest trading partner, as well as relative interest rates set by the Reserve Bank of Australia.
FXStreet also notes that a stronger set of China data can be supportive for the Australian Dollar, given its impact on growth expectations and risk sentiment tied to AUD performance, while Australia’s central bank policy influences the currency through the interest rate outlook.