menu search

AUD, NZD, CAD, EUR all lower after the disappointing China data

AUD, NZD, CAD, EUR all lower after the disappointing China data
The data from China was a miss across the board:China April Industrial output 5.6% y/y (expected +10.9%) Retail sales 18.4% y/y (21.0%)While an improvement from March the April data fell short of analyst central expectations. AUD/USD (and others mentioned in the headline) dropped:Prior to the data we got the RBA minutes, these barely moved the AUD:RBA May meeting minutes: Little room for upside risks to inflationAUD/USD little changed after the RBA minutes This article was writt... Read More
Posted: May 16 2023, 02:20
Author Name: forexlive
Views: 081514

Search within

Pages Search Results: