China’s Jan data dump: Retail Sales and Industrial Output beat estimates

China’s January Retail Sales YoY, the number arrived at 33.8% vs. +32.0% exp and +4.6% last, with Industrial Production YoY at +35.1% and +30.0% exp a
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AUD/USD picks up bids near 0.7750 on strong China Retail Sales, Industrial Production

AUD/USD defies the recent pullback from the day’s high while bouncing off 0.7756 after China released key data early Monday. Also favoring the quote c
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