Good news for RBA

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Wednesday marked the release of China’s Retail Sales yoy (year-on-year) for the month of October. Results show a growth of 11%, compared to an expected 10.9% and a previous 10.9%, with the industrial production at +5.6% (expected 5.8%, previous 5.7%) and urban investments at +10.2% (same as forecasted). The decrease is to be perceived as mixed-negative due to the decrease in the industrial product...

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