China Oct data dump: Downbeat across all indicators

China’s Oct retail sales YoY, the number came in at +10.0 vs 10.4% exp and 10.3% last, with industrial output YoY at 6.2% and 6.3% exp and 6.6% last. Meanwhile, urban investment YoY stood at +7.3% vs 7.4% expected and 7.5% last. 

The sluggish data had a slight negative impact on the Australian Dollar, dragging the AUD/USD pair off session highs to trade at 0.7629, while AUD/JPY retraced to 86.72 levels.

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