Published: 2024-05-17T05:02:01.000Z
AUD/USD flows: Stronger dollar, weaker sentiment
FX Analyst
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China April y/y March Industrial output +6.7% and Retail sales +2.3%
China April new house prices -0.6% m/m
Chinese April economic data come in mixed with industrial output positive but domestic demand remains soft. Regional sentiment is mixed with Chinese equities under performing.
With USD solid and soft Chinese equities, AUD/USD is trading 0.22% lower at 0.6663.