China data dump: Retail sales upbeat, industrial production disappoints
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China’s retail sales YoY, came in in +10.7% vs 10.6% exp and 10.9% last, with industrial output YoY at 6.5% and 7.1% exp and 7.6% last. Meanwhile, urban fixed asset investment YoY stood at +8.9% vs 9.1% expected and 9.2% last.
The mixed data served as a negative input for the Australian Dollar, capping the upside in AUD/USD pair just ahead of 0.74 handle, with AUD/JPY reverting to session lows of 83.63.
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