Today’s Notable Sentiment Shifts
USD/JPY/CHF – The safe-haven currencies bounced on Monday, supported by a series of disappointing Chinese data releases, bolstering concerns surrounding the global economic outlook.
Summarising the data releases from China, Reuters succinctly noted that “Chinese industrial output, retail sales and fixed-asset investment all fell short of analyst estimates in data published on Monday, as a nascent recovery from draconian COVID-19 lockdowns faltered.”
Summarising the data releases from China, Reuters succinctly noted that “Chinese industrial output, retail sales and fixed-asset investment all fell short of analyst estimates in data published on Monday, as a nascent recovery from draconian COVID-19 lockdowns faltered.”