Source: ForexYard
This morning’s publication from China regarding its retail sales and industrial production revealed an expanding economy. Both figures relate to separate realms of economic activity, but both witnessed an increase of similar size this month.
Industrial production in China was expected to rise approximately 13.5%, year-on-year. The actual results showed a 13.8% increase instead. Retail sales, likewise, showed a year-on-year rise to 17.7%, beating expectations for a 17.1% increase. Both figures should help the CNY hold ground today.
Read more forex trading news on our forex blog.
Forex Market Analysis provided by ForexYard.
© 2006 by FxYard Ltd
Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.
