AUD down after the big miss on China activity data for July


Yeah, but not much. 

Here’s the data: 

The ‘other’ includes a big miss for July retails slaes – domestic demand in China has been slipping, more of the same in these figures.  Asset investment was a miss also but the IP and retail  sales were the big misses.

AUD is lower, but as I said above, not by much:

Yeah, but not much. 

Earlier we got a small beat on wages data, which is supportive, but again the caveat is much of the gain was pushed by the public sector. Spare capacity holding back private wage growth.

ForexLive



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