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.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
The broad-based U.S. dollar is going to end this week on the bullish track and hovering near 2-month highs after U.S.
2 hours ago
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments