9 Jul 2014
Chinese CPI eyed - RBS
FXStreet (Bali) - Today there are several key releases in China, with the inflation report the event to gather most attention by traders, notes the FX Strategy Team at RBS.
Key Quotes
"Rounding out the calendar are several key releases in China. Only the June inflation print has a definite release time, though June trade, FX reserves, and new yuan loans are all scheduled to be released as soon as tomorrow. The CPI is expected only slightly lower at 2.4% y/y, still well below target, and producer prices in June may fall at their slowest rate since 2012 in June (China’s PPI has been negative in each month since February 2012)."
Key Quotes
"Rounding out the calendar are several key releases in China. Only the June inflation print has a definite release time, though June trade, FX reserves, and new yuan loans are all scheduled to be released as soon as tomorrow. The CPI is expected only slightly lower at 2.4% y/y, still well below target, and producer prices in June may fall at their slowest rate since 2012 in June (China’s PPI has been negative in each month since February 2012)."