China data dump: Upbeat across all indicators

Dhwani Mehta FXStreet

China's YoY GDP figures for the second quarter of 2017 came at +6.9% vs +6.8% exp and 6.9% previous, with the QoQ reading for Q2 coming in at +1.7% vs +1.7% exp and +1.3% last.

With regards to retail sales YoY, the number was in +11% vs 10.6% exp and 10.7% last, with industrial output YoY at 7.6% and 6.5% exp and 6.5% last. Meanwhile, urban investment YoY stood at +8.6% vs 8.5% expected and 8.6% last.

The solid data served had little impact on the Australian Dollar, keeping the AUD/USD pair near daily lows of 0.7811, with AUD/JPY is seen defending 88 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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