Series of Chinese Events Released, Mixed Results So Far - Forex News by FX Leaders

Series of Chinese Events Released, Mixed Results So Far

Posted Friday, June 14, 2019 by
Arslan Butt • 1 min read

The National Bureau of Statistics of China has released a series of economic events from China. Let’s take a quick look:

  • Fixed Asset Investment – Slipped to 5.6% vs. 6.1% beforehand
    • Bearish impact on CNY & AUD.
  • Industrial Production y/y – Slid to 5.0% vs. 5.4% forecast
    • Bearish impact on CNY & AUD.
  • Retail Sales y/y – Surprised with a growth rate of 8.6% vs. 8% forecast and 7.2% beforehand.
    • Neutral to slightly bullish impact on CNY & AUD as worse than expected Fixed Asset Investment and Industrial Production may overshadow retail sales.

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