Key Chinese data to add to yuan volatility tomorrow

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Something else to look out for tomorrow besides the PBOC daily yuan fixing

Of note, we’ll be getting the release of key Chinese data for July as per the below:

  • Industrial production: +6.0% y/y expected (prior +6.3%)
  • Industrial production YTD: +6.0% y/y expected (prior +6.0%)
  • Retail sales: +8.6% y/y expected (prior +9.8%)
  • Retail sales YTD: +8.4% y/y expected (prior +8.4%)
  • Fixed assets investment YTD: +5.8% y/y expected (prior +5.8%)

The above data is scheduled for release at 0200 GMT so just be wary of some potential added volatility to follow in the Chinese yuan – which has been a key risk barometer for markets over the past two weeks – tomorrow.

The releases will come after the PBOC daily fixing, which is usually around 0110-30 GMT.

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