China May data dump: Downbeat across all indicators
|China’s May retail sales YoY, the number came in at 8.5% vs 9.6% exp and 9.4% last, with industrial output YoY at 6.8% and 6.9% exp and 7.0% last. Meanwhile, urban investment YoY stood at 6.1% vs 7.0% expected and 7.0% last, the latest release by the National Bureau of Statistics (NBS) showed.
Awful Chinese macro numbers weigh negatively on the Australian Dollar, sending the AUD/USD pair towards the 0.7550 support area, while AUD/JPY Is seen heading back towards the daily lows of 83.30.
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