Australian dollar jumps after China GDP data beats forecasts

SYDNEY: The Australian dollar jumped a quarter of a US cent after Chinese economic growth data was slightly above expectations.

The Aussie went as high as $0.8815, from $0.8773 before the figures, and was last at $0.8800 to show a 0.2 percent gain on the day.

The Aussie, which hit a four-year trough of $0.8642 earlier this month, is often seen as a liquid proxy of China's growth prospects given Australia's large trade exposure to the Asian giant.