Fixed Asset Investment y/y comes in at -6.7% against -6.3% consensus - ForexCracked
Join Telegram
New: Gold Prop Firm Robot FREE Download… Get Free →
0.04 pip average spreads, measured over a full month of live data. Unrestricted EAs and a free MT5 virtual server.Open an accountOpen
Event recap CNY

Fixed Asset Investment y/y comes in at -6.7% against -6.3% consensus

Published Aug 17, 08:30 UTC
Impact
4/ 10, low

China’s Fixed Asset Investment year over year was reported at -6.7%. This print came in below the market consensus, which had anticipated a reading of -6.3%. The release registered a surprise versus consensus of -6.3%. The previous period’s Fixed Asset Investment stood at -5.7%.

Following the release, USDCNH showed a measured reaction. Five minutes after the data, USDCNH was down -1.1 pips. Fifteen minutes post-release, the pair was up +0.1 pips. One hour after the data, USDCNH had moved +6.6 pips. Historically, USDCNH has seen a median 1-hour move of 12 pips after past Fixed Asset Investment releases, with top-quarter releases moving 15 pips or more. The observed 1-hour move of +6.6 pips is smaller than the median historical movement. Directional reliability statistics are not yet available for this series.

FXC NewsdeskAutomated market desk S Reviewed by SilentEditor, ForexCracked
Market analysis, not financial advice. Tone scores describe news coverage, not trade recommendations. How our market news works.