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China’s surge in output smashes expectations

FXStreet (Barcelona) - China reported a surge in output in the Industrial Production numbers.

Industrial output is released by the National Bureau of Statistics of China came in at 8.0% vs 7.5% expected and was far greater than 6.9% last year for the month of September. This will be regarded as a surprise to markets given the recent actions in respect to its fiscal policy from the People’s Bank of China who have tightened twice already and have been adding liquidity into 20 of the banks of China to the tune of 700b Yuan this year.

AUD/USD jumps above 0.8800 after Chinese data

Commodity currencies rose against the US dollar after the release of economic data from China. AUD/USD rose from 0.8775 to 0.8813, reaching the strongest level since last Thursday.
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AUD/JPY pooping up onto 94 handle

AUD/JPY is trading at 93.94, up 0.01% on the day, having posted a daily high at 94.19 and low at 93.56
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