Without anything of note from Australia and New Zealand all eyes are focused on upcoming China GDP (YoY) . Expectations are for GDP to come in at 7.6% with Industrial Production at 9.8% and Retail sales 13.5%. Given recent rate cut and all news leading up to this release I feel the number could come in closer to 7.0%/7.3 %. Should be a lot of fun if that happens. Market should remain quiet ( how unusual) until then.
Current levels are as follows:
- EUR:1.2205
- JPY : 79.32
- GBP 1.5428
- CHF: 0.9840
- CAD: 1.0190
- AUD: 1.0140
- NZD: 0.7890
Good luck today and TGIF !
