China’s July data dump: Downbeat across all indicators (Aussie hits lows)

Dhwani Mehta FXStreet

China’s July retail sales YoY, the number arrived at +7.6% vs. +8.6% exp and +9.8% last, with industrial output YoY at +4.8% and +5.8% exp and +6.3% last.

Meanwhile, urban investment YoY stood at +5.7% vs. +5.8% expected and +5.8% last.

The downbeat data served had a negative impact on the Australian Dollar, driving the AUD/USD pair to fresh daily lows of 0.6780.

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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