Aussie Dollar Little-Changed After Wave of Chinese Data
- Aussie Dollar showed a tepid reaction as Chinese data crossed the wires
- Retail Sales in October beat the markets’ forecast with a print of 11.0% year-over-year
- Industrial production matched its expected figure at 10.2% year-over-year in October
New to Forex and not sure where to start? Check out this intro video to trading.
The Aussie Dollar showed a tepid reaction against its US counterpart as Chinese economic data did not deviate far from expectations. The headline retail sales figure showed a reading of 11 percent year-over-year in October. This was better than the expected and prior number of 10.9 percent. Industrial production fell short of the market’s forecast of 5.8 percent y/y to an actual print of 5.6 percent. Fixed assets excluding rural matched its predicted level of 10.2 percent y/y but fell slightly below the 10.3 percent reading in September.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.