China’s July Retail Sales, increased 2.7% YoY vs. 2.6% expected and 2.0% in June while the country’s Industrial Production rose 5.1% YoY in the same period vs.
China ’s JulyRetail Sales, increased 2.7% YoY vs. 2.6% expected and 2.0% in June while the country’s Industrial Production rose 5.1% YoY in the same period vs. 5.2%forecast and 5.3% booked previously. The National Bureau of Statistics released the official data on Thursday. Meanwhile, the Fixed Asset Investment rose 3.6% YTD YoY in July, as against the expected 3.9% figure and June’s 3.9% print. Additional takeaways China July nationwide survey-based jobless rate at 5.2%.
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 .
Economicindicator AUDUSD Retailsales Industrialproduction
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