AUD Up, Turkish Lira Down

The AUD ticked up after China reported growth figures were pretty much in line with estimates. 4Q GDP came in at 7.7% on-year, beating consensus forecast for a 7.6% number. China is Australia’s largest trading partner.


The Turkish lira hit another fresh low against both the dollar and the euro. The currency has been rather weak recently after the US Federal Reserve decided to taper its monetary stimulus. Focus will be on Turkey’s central bank meeting today.