China’s Jan-Feb Retail Sales rose 5.5%, Industrial Production up 7.0%
China’s January-February Retail Sales, rose 5.5% YoY vs. 5.2% expected and January’s 7.4% while the country’s Industrial Production increased 7.0% YoY vs. 5.0% anticipated and 6.8% recorded previously. The official data was published by the National Bureau of Statistics (NBS) on Monday.
Meanwhile, the Fixed Asset Investment rose 4.2% YTD YoY in January- February vs 3.1% expected and 3.0% seen in December.
Additional takeaways
The Chinese unemployment rate came in at 5.3% vs. previous 5.10%.
China Feb nationwide survey-based jobless rate at 5.3%.
China Feb survey-based jobless rate in 31 major cities at 5.1%.
Market reaction to Chinese data
The upbeat Chinese data dump boosted the Australian Dollar, with AUD/USD refreshing highs near 0.6570. The pair is adding 0.11% on the day, as of writing.
Australian Dollar price today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.06% | -0.02% | -0.06% | -0.14% | 0.14% | -0.08% | -0.02% | |
| EUR | 0.06% | 0.04% | 0.00% | -0.08% | 0.21% | -0.02% | 0.02% | |
| GBP | 0.02% | -0.04% | -0.04% | -0.12% | 0.16% | -0.07% | -0.02% | |
| CAD | 0.06% | -0.02% | 0.04% | -0.09% | 0.19% | -0.03% | 0.02% | |
| AUD | 0.14% | 0.07% | 0.12% | 0.08% | 0.28% | 0.06% | 0.10% | |
| JPY | -0.15% | -0.21% | -0.09% | -0.19% | -0.27% | -0.23% | -0.19% | |
| NZD | 0.08% | 0.01% | 0.07% | 0.02% | -0.06% | 0.22% | 0.04% | |
| CHF | 0.04% | -0.03% | 0.02% | -0.02% | -0.10% | 0.19% | -0.05% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
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.
