The latest data published by the National Bureau of Statistics (NBS) showed Friday, China’s August Retail Sales , rose 4.6% YoY vs. 3.0% expected and 2.5% previous while the country’s Industrial Production came in at 4.5% YoY vs. 3.9% estimated and July’s 3.7%.

Meanwhile, the Fixed Asset Investment increased 3.2% YTD YoY in August vs 3.3% expected and 3.4% reported in July.

Additional takeaways

Market reaction

The Australian Dollar is cheering the encouraging Chinese data release, as AUD/USD is keeping its recovery momentum intact. The AUD/USD pair is adding 0.35% on the day to trade at 0.6463, as of writing.