Dollar Slides After Upbeat China Data; Aussie, Pound Rise

Dollar Slides After Upbeat China Data; Aussie, Pound Rise
Arrangement of various world currencies including Chinese yuan, U.S. dollar, Euro, British pound, pictured on Jan. 25, 2011. Kacper Pempel/Illustration/Reuters
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LONDON—The dollar fell against most major currencies on Tuesday after better-than-forecast growth data from China, while strong pay figures from Britain supported the pound.

China’s gross domestic product (GDP) grew 4.5 percent year-on-year in the first three months of the year, data showed on Tuesday, beating analyst forecasts for a 4 percent expansion as the end of COVID-19 curbs lifted the world’s second-largest economy.