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Modest Risk-off Tone Post China Data Misses

CHINA DATA

A risk off tone has emerged immediately after the China data outcomes, which have mostly come in below expectations, particularly for IP growth. ISD/CNH spiked above 6.9700, before selling interested emerged. AUD/USD is tracking to fresh lows in the 0.6680/85 region. The HSI is off its highs in the equity space, back to +0.30% for the session. 2yr US yields are down a touch to 3.99% (highs for the session are near 4.01%). More details to follow.

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