Unrest, inflation and an aging populace stand in the way of the Middle Kingdom’s touted domination. WSJ article.
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…
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.
China’s NBS business confidence index fell to 132.4 from 137.4 the previous quarter.
China raised rates by 25 bps late yesterday and analysts now seem to be of the opinion that there will not be any further rises this year. The AUD and NZD were largely unaffected by the event, just as they … Continue reading
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.
Not exactly a shock is it given all the speculation earlier in the week.
Here ya go