China data dump: A big miss on expectations across all indicators

Dhwani Mehta FXStreet

With regard to China’s retail sales YoY, the number came in at +10.4% in July vs 10.8% exp and 11% last, while industrial output YoY stood at 6.4% and 7.2% exp and 7.6% last. The Chinese July urban investment YoY arrived at +8.3% vs 8.6% expected and 8.6% last.

The poor data had negative impact on the Australian Dollar, sending the AUD/USD pair lower from the daily tops of 0.7919, with AUD/JPY also following suit to now trade below 86.50 levels.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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