Chinese monthly economic activity data for...>

AUSSIE: Chinese monthly economic activity data for July broadly missed

expectations, applying weight to AUD crosses. China's industrial output printed

at +4.8% Y/Y vs. MNI median of +5.7%, retail sales came in at +7.6% Y/Y vs. MNI

projection of +8.5%, while the unemployment rate rose to 5.3% from 5.1%.

- AUD/USD last trades 12 pips lower at $0.6787, away from the reaction low of

$0.6778, the 200-HMA. A break under the aforementioned 200-HMA would open up the

$0.6750-45 zone, which registered several lows this month.

- AUD/NZD has shed 20 pips and last sits at its 200-DMA, which intersects at

NZ$1.0516 & is seemingly limiting the downside. A clean break below the level

would expose the YtD mid-point at NZ$1.0498.

- AUD/JPY last seen at Y72.17, 40 pips worse off after bottoming out at Y72.03.

A move through the Y72.00 mark would shift bearish focus to the Aug 6 low of

Y71.24.