China’s Retail Sales rose 2.1% YoY in August from 2.7% in July, worse than the 2.5% expected.
China ’sRetail Salesrose 2.1% YoY in August from 2.7% in July, worse than the 2.5% expected. The nation’s Industrial Production increased 4.5% YoY in the same period versus 4.8% anticipated and 5.1% recorded previously.Theofficial datawas publishedby theNational Bureau of Statistics on Saturday. Meanwhile, the Fixed Asset Investment rose 3.4% YTD YoY in August versus the 3.5% expected and 3.6% seen in July. Market reaction to Chinese data The AUD/USD pair is adding 0.07% on the day to trade at 0.
The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar .
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