BREAKING: CHINA DATA DUMP: GDP BEAT BY 0.5% VS EXPECTATIONS, RETAIL SALES, BIG BEAT 10.6% VS 7.4%

China released a series of red data on Tuesday as follows:

Gross Domestic Product (GDP)

Chinese GDP (Y/Y) Q1: 4.5% (exp 4.0%; prev 2.9%)

Industrial Production 

Chinese Industrial Production (Y/Y) Mar: 3.9% (exp 4.4%; prev 2.4%)

Retail Sales

Chinese Retail Sales (Y/Y) Mar: 10.6% (exp 7.5%; prev 3.5%) -Retail Sales YTD (Y/Y) Mar: 5.8% (exp 3.7%; prev 3.5%)

AUD/USD update

More to come, but runs a lot higher ...