China data dump: Industrial production upbeat, retail sales disappoint

Dhwani Mehta FXStreet

China’s retail sales YoY, came in in +9.5% vs 10.5% exp and 10.9% last, with industrial output YoY at 6.3% and 6.2% exp and 6.0% last. Meanwhile, urban fixed asset investment YoY stood at +8.9% vs 8.3% expected and 8.1% last.

The mixed data served as a negative input for the Australian Dollar, knocking-off the AUD/USD pair to lows near 0.7550, with AUD/JPY reaching 86.70, session lows.

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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