China’s January-February Retail Sales rise 4%, Industrial Production up 5.9%
Source Fxstreet
China’s January-February Retail Sales increased by 4% year-over-year (YoY) vs. 4% expected and 3.7% in December, the latest data released by the National Bureau of Statistics (NBS) showed Monday.
Chinese Industrial Production rose 5.9% YoY in the same period, compared to the 5.3% forecast and the 6.2% booked previously.
Meanwhile, the Fixed Asset Investment came in at 4.1% year-to-date (YTD) YoY in January-February, beating the expected 3.6% figure. The December reading was 3.2%.
AUD/USD reaction to Chinese data
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The launch of new tokens following headline-making events is not new in the crypto market.
Gold (XAU/USD) is seen building on the previous day's goodish rebound from the $3,613-3,612 area and gaining some follow-through positive traction during the Asian session on Friday.
The US Dollar stabilizes following Thursday's decline as market focus shifts to the University of Michigan's (UoM) preliminary Consumer Sentiment Index data for September.
Data shows the digital gold narrative may be in danger on the short term as Bitcoin has diverged from Gold in its 30-day Correlation.
The AUD/USD pair posts a fresh 10-month high near 0.6670 during the European trading session on Friday.
Related Instrument
