China data dump: Retail sales upbeat, industrial production disappoints

China’s retail sales YoY, came in in +10.7% vs 10.6% exp and 10.9% last, with industrial output YoY at 6.5% and 7.1% exp and 7.6% last. Meanwhile, urban fixed asset investment YoY stood at +8.9% vs 9.1% expected and 9.2% last. 

The mixed data served as a negative input for the Australian Dollar, capping the upside in AUD/USD pair just ahead of 0.74 handle, with AUD/JPY reverting to session lows of 83.63.