AUD/USD looks set to regain 0.6700 despite mixed China data, PBOC inaction – by anilpanchal7 AUDUSD China RiskAppetite CentralBanks Macroeconomics
China Industrial Production, Retail Sales improved in February, PBOC keeps one-year MLF unchanged.
That said, China’s Industrial Production 2.4% during January-February period versus 2.6% expected and 1.3% prior whereas the Retail Sales matches 3.5% forecasts during the stated period compared to -1.8% prior. Earlier in the day, the People’s Bank of China held its one-year benchmark rate, namely the one-year Medium-term Lending Facility rate, unchanged at 2.75%.
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