China’s March data dump and Q1 20 GDP was not as bad as feared, according to economists at TD Securities. USD/CNY is trading at 7.0802. Key quotes “China’s Q1 GDP fell -6.8% y/y (TD -5.6%, mkt -6.0%), -9.8% q/q (TD -9.5%, mkt -12%), marking the weakest print since at least 1992. However, there was little surprise in this outcome.” “March industrial production fell less than expected -1.1% y/y (mkt -6.2%) while the unemployment rate fell to 5.9% from 6.2%. This reveals some success on the supply side.” “Retail sales dropped more than expected -15.8% y/y. Weaker than expected retail sales highlight significant consumer caution even as the economy opens up.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD bounces back above 0.6350, risk-on underpins FX Street 2 years China's March data dump and Q1 20 GDP was not as bad as feared, according to economists at TD Securities. USD/CNY is trading at 7.0802. Key quotes “China's Q1 GDP fell -6.8% y/y (TD -5.6%, mkt -6.0%), -9.8% q/q (TD -9.5%, mkt -12%), marking the weakest print since at least 1992. However, there was little surprise in this outcome.” “March industrial production fell less than expected -1.1% y/y (mkt -6.2%) while the unemployment rate fell to 5.9% from 6.2%. This reveals some success on the supply side.” “Retail sales dropped more than expected -15.8% y/y. Weaker than expected retail sales… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
