China’s Oct data dump: Downbeat across all indicators – Aussie renews four-week lows
|China’s October Retail Sales YoY, the number arrived at +7.2% vs. +7.9% exp and +7.8% last, with Industrial Output YoY at +4.7% and +5.4% exp and +5.8 last.
Meanwhile, Fixed Asset Investment YoY stood at +5.2% vs. +5.4% expected and +5.4% last. The January-October growth was the lowest since Reuters record began in 1996.
The downbeat data served had a negative impact on the Australian Dollar, driving the AUD/USD pair a few pips lower to refresh four-week troughs at 0.6798.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.