China’s Aug data dump: Retail Sales, Industrial Production beat estimates, AUD/USD in highs

Dhwani Mehta FXStreet

China’s August Retail Sales YoY, the number arrived at 0.5% vs. 0% exp and -1.1% last, with Industrial Output YoY at +5.6% and +5.1% exp and +4.8% last.

Meanwhile, Fixed Asset Investment YoY stood at -0.3% vs. -0.4% expected and -1.6% last.

China’s January-August Private Sector Fixed Asst Investment dropped by 2.8% YoY.

Impact on AUD/USD

The upbeat Chinese macro numbers served, boosted the rebound in the aussie dollar. The AUD/USD pair flirts with daily highs of 0.7312 on the data release, up 0.26% on the day.

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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