China data dump: Industrial production – a huge beat, Retail sales miss estimates

Dhwani Mehta FXStreet

China’s Jan/Feb (combined) retail sales YoY, the number came in at +9.7 vs 9.8% exp and 10.2% last, with industrial output YoY at 7.2% and 6.2% exp and 6.6% last. Meanwhile, urban investment YoY stood at +7.9% vs 7.0% expected and 7.2% last.

A huge beat in the industrial figures boosted the upside in the Australian Dollar, driving the AUD/USD pair to daily highs of 0.7872, while AUD/JPY traders firmer, but capped by the 84 handle.

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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