Tue, Oct 21, 2014, 5:08 AM EDT - U.S. Markets open in 4 hrs 22 mins

Brighter China data fails to lift stocks, dollar sags

China's economy grew 7.3 percent in July-September official data showed, slightly above the 7.2 percent forecast by analysts. The Australian dollar (AUD=D4), often seen as a liquid proxy of Chinese growth prospects given Australia's large trade exposure, got a lift from Beijing's data, while the U.S. Federal Reserve will be able to push ahead in the next year with its first post-financial crisis interest rate hike. "The China data is a bit of a mixed bag but the bigger…