China Q1 GDP steadies at 6.8 percent y/y, beats estimates
|China's YoY GDP figures for the first quarter of 2018 came in at +6.8% vs +6.7% exp and 6.8% previous, with the QoQ reading for Q1 coming in at +1.4% vs +1.5% exp and +163% last.
With regards to retail sales YoY, the number was in +10.1% vs 9.9% exp and 9.7% last, with industrial output YoY at 6.0% and 6.2% exp and 7.2% last. Meanwhile, urban investment YoY stood at +7.5% vs 7.6% expected and 7.9% last.
The mixed data appears to have a negative impact on the Australian Dollar, pushing the AUD/USD pair lower to print daily lows of 0.7770, with AUD/JPY making headways towards the 83 handle.
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