China’s October Retail Sales YoY, declined sharply to -0.5% vs. 1.0% expected and 2.5% previous while Industrial Production YoY came in at 5.0% and 5.2% estimated and 6.3% prior.

Meanwhile, the Fixed Asset Investment YoY eased to 5.8% in October vs 5.9% expected and 5.9% last.

Market reaction

The Australian dollar remains little changed on the release of the discouraging Chinese data. The AUD/USD pair is holding steady on the day at 0.6695, as of writing.