China data dump: Industrial production upbeat, retail sales disappoint
|China’s retail sales YoY, came in in +9.5% vs 10.5% exp and 10.9% last, with industrial output YoY at 6.3% and 6.2% exp and 6.0% last. Meanwhile, urban fixed asset investment YoY stood at +8.9% vs 8.3% expected and 8.1% last.
The mixed data served as a negative input for the Australian Dollar, knocking-off the AUD/USD pair to lows near 0.7550, with AUD/JPY reaching 86.70, session lows.
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