China's April Economic Data Misses Expectations Across Key Sectors

China's April economic indicators fell short of forecasts, with retail sales growth hitting its slowest pace since 2022. Industrial output and investment growth also disappointed, signaling broader economic weakness in the world's second-largest economy. The weak data puts pressure on CNY and commodity-linked currencies like AUD and NZD. Traders should watch for potential policy responses from Beijing and broader risk-off sentiment affecting emerging market currencies.