July 8th, 2011 19:31:52 GMT

Chinese CPI expected over weekend

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Bloomberg’s survey shows economists expect a rise to 6.2% y/y in June, up from 5.5 in May. AUD/USD is in recovery mode this afternoon, trading now around 1.0750. Looks like traders expect a strong showing, suggesting Chinese growth remains robust…

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July 8th, 2011 03:37:40 GMT

Chinese economic data due over the weekend

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Chinese CPI and trade data will be released on Saturday and Sunday respectively. CPI is forecast around 6.3%. If the numbers are well away from expectations, it may influence the AUD on Monday morning.

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July 6th, 2011 11:18:20 GMT

Market didn’t like China debt comments

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Comments from the Chinese Cabinet acknowledging the local government debt problem have served to spook the markets even further, ratcheting up general risk aversion another notch. EUR/USD has been as low as 1.4313 while cable has slipped back below 1.6000.

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