China’s Aug data dump: Retail Sales, Industrial Production beat estimates, AUD/USD in highs
|China’s August Retail Sales YoY, the number arrived at 0.5% vs. 0% exp and -1.1% last, with Industrial Output YoY at +5.6% and +5.1% exp and +4.8% last.
Meanwhile, Fixed Asset Investment YoY stood at -0.3% vs. -0.4% expected and -1.6% last.
China’s January-August Private Sector Fixed Asst Investment dropped by 2.8% YoY.
Impact on AUD/USD
The upbeat Chinese macro numbers served, boosted the rebound in the aussie dollar. The AUD/USD pair flirts with daily highs of 0.7312 on the data release, up 0.26% on the day.
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