China April data disappoint: Retail sales rise 7.2%, industrial output arrives at 5.4%

China’s April retail sales YoY, the number arrived at +7.2% vs. +8.6% expected and +8.7% last, with industrial output YoY at +5.4% and +6.5% expected and +8.5% last.

Meanwhile, urban investment YoY stood at 6.1% vs. +6.4% expected and +6.3% last. 

The downbeat data served had a negative impact on the Australian Dollar, driving the AUD/USD pair to fresh 4.5 month lows at 0.6924, with AUD/JPY revisited daily lows at 78.88 levels.