China’s Nov data dump: A big beat on Retail Sales and Industrial Production – Aussie revisits highs
|China’s November Retail Sales YoY, the number arrived at +8.0% vs. +7.6% exp and +7.2% last, with Industrial Output YoY at +6.2% and +5.0% exp and +4.7% last.
Meanwhile, Fixed Asset Investment YoY stood at +5.2% vs. +5.2% expected and +5.2% last.
The upbeat data served had a positive impact on the Australian Dollar, driving the AUD/USD pair a few pips higher to retest daily highs of 0.6886.
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