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Aussie Dollar Little-Changed After Wave of Chinese Data

Aussie Dollar Little-Changed After Wave of Chinese Data

Bradley Kearns, Contributor

Talking Points:

  • 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

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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.