China April data dump: Industrial production – a big beat, Retail sales disappoint

China’s April retail sales YoY, the number came in at +9.4% vs 10.0% exp and 10.1% last, with industrial output YoY at 7.0% and 6.3% exp and 6.0% last. Meanwhile, urban investment YoY stood at +7.0% vs 7.4% expected and 7.5% last. 

Mixed Chinese data capped the upside in the Australian Dollar, dragging the AUD/USD pair lower to 0.7520 levels, while AUD/JPY traded better bid near 82.60.

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