China’s retail sales for August has come in at +15.4% yr/yr. Expectation was for +15.3
August CPI -1.2% yr/yr. Forecast was -1.3%.
August PPI -7.9% yr/yr. Forecast was for a reading of -8%.
Industrial output +12.3% yr/yr. Forecast was +12%.
Urban fixed asset investments +33% in period from Jan – Aug.
Number are all a touch better than expected, “risk” has been bought. AUDUSD has jumped from 8615 to 8535. USDJPY 10 pips lower and EURUSD up 10 pips.
