China data dump: Retail sales upbeat, industrial production disappoints

Dhwani Mehta FXStreet

China’s retail sales YoY, came in in +10.7% vs 10.6% exp and 10.9% last, with industrial output YoY at 6.5% and 7.1% exp and 7.6% last. Meanwhile, urban fixed asset investment YoY stood at +8.9% vs 9.1% expected and 9.2% last.

The mixed data served as a negative input for the Australian Dollar, capping the upside in AUD/USD pair just ahead of 0.74 handle, with AUD/JPY reverting to session lows of 83.63.

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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