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Fundamental Forex Analysis

Mixed Retail Sales and Industrial Production numbers – Aussie revisits lows

China’s April Retail Sales YoY, the number arrived at -7.5% vs. -7.0% exp and -15.8% last, with Industrial Output YoY at +3.9% and +1.5% exp and -1.1% last. 

Meanwhile, Fixed Asset Investment YoY stood at -10.3% vs. -10.0% expected and -16.1% last. 

China’s January-April private sector Fixed Asset Investment stood at -13.3% YoY.

Impact on AUD/USD

The mixed Chinese macro numbers served, had little impact on the aussie dollar, as the AUD/USD pair kept its range around 0.6460, near daily lows of 0.6453.

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