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Chinese retails sales come as expected

FXstreet.com (Barcelona) - A batch of Chinese data was just released, with industrial production (YoY) coming at 9.3% vs 9.5% expected and 8.9% prior. Meanwhile, retail sales (YoY) showed 12.8, in line with expectations, and 12.6% last. With regards to urban investment (YTD) (YoY), the number came at 20.6% vs 21.0% expected and 20.9% prior.

China Apr Urban investment (YTD) (YoY) declines to 20.6% vs 20.9%

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Forex: EUR/USD recovers 1.2980

The shared currency left session lows in the vicinity of 1.2960 overnight to attempt a rebound to the current 1.2980/85 region, although the sentiment remains prone to the risk-off trade...
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