July 8th, 2011 19:31:52 GMT

Chinese CPI expected over weekend


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…


July 8th, 2011 03:37:40 GMT

Chinese economic data due over the weekend


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


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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