China’s Oct data dump: Downbeat across all indicators – Aussie renews four-week lows

Dhwani Mehta FXStreet

China’s October Retail Sales YoY, the number arrived at +7.2% vs. +7.9% exp and +7.8% last, with Industrial Output YoY at +4.7% and +5.4% exp and +5.8 last.

Meanwhile, Fixed Asset Investment YoY stood at +5.2% vs. +5.4% expected and +5.4% last. The January-October growth was the lowest since Reuters record began in 1996.

The downbeat data served had a negative impact on the Australian Dollar, driving the AUD/USD pair a few pips lower to refresh four-week troughs at 0.6798.

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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