Zheng Shanjie, Head of China’s National Development and Reform Commission, said on Wednesday that the country’s “2024 growth target is in line with the economic potential.”
Additional quotes
Economy likely to see a good start in Q1.
Economic recovery will be consolidated and strengthened.
Market reaction
The above comments are providing an extra boost to the AUD/USD upswing, with the pair rising 0.29% on the day to 0.6520, as of writing.
Australian Dollar price today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Swiss Franc.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.08% | -0.03% | -0.06% | -0.24% | -0.32% | -0.14% | 0.06% | |
| EUR | 0.08% | 0.05% | 0.02% | -0.15% | -0.27% | -0.05% | 0.14% | |
| GBP | 0.02% | -0.04% | -0.02% | -0.19% | -0.31% | -0.09% | 0.09% | |
| CAD | 0.06% | -0.01% | 0.01% | -0.21% | -0.28% | -0.10% | 0.12% | |
| AUD | 0.26% | 0.20% | 0.23% | 0.19% | -0.06% | 0.12% | 0.32% | |
| JPY | 0.34% | 0.25% | 0.29% | 0.28% | 0.10% | 0.20% | 0.37% | |
| NZD | 0.15% | 0.06% | 0.10% | 0.10% | -0.10% | -0.18% | 0.22% | |
| CHF | -0.06% | -0.14% | -0.10% | -0.12% | -0.31% | -0.42% | -0.21% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Source: https://www.fxstreet.com/news/chinas-ndrc-2024-growth-target-is-in-line-with-the-economic-potential-202403060735