Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Yuan Gains on Dollar After China Releases Set of Solid Economic Indicators

Chinese 100-yuan notesThe Chinese Yuan gained in the US dollar today following the release of positive macroeconomic data in China.

The National Bureau of Statistics of China reported that Industrial Production grew by 6.1%, fixed asset investment rose by 7.2%, and retail sales increased by 10.2% in November on year-on-year basis. All indicators were within expectations. The data suggested that the Chinese economy retains solid growth.

USD/CNY fell by 0.16% to 6.6087 as of 12:00 GMT today.


© NewsInspector for Forex News, 2017. | Permalink | No comment | Add to del.icio.us
Post tags: China, Industrial Production, National Bureau of Statistics of China, Retail Sales, USD/CNY, Yuan

Feed enhanced by Better Feed from Ozh



This post first appeared on Forex News, Latest Forex News, please read the originial post: here

Share the post

Yuan Gains on Dollar After China Releases Set of Solid Economic Indicators

×

Subscribe to Forex News, Latest Forex News

Get updates delivered right to your inbox!

Thank you for your subscription

×