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Inflation Jump Suggests China at Risk of Overheating

Posted by Scott Boyd at 9:18 am UTC, 05/11/2010

A 12.8 percent increase in property values helped boost China’s April inflation rate by 2.8 percent compared to the previous year. The news will be sure to add to concerns that China is overheating and will force authorities to consider raising interest rates to reduce spending.

Source: BBC News

Filed under: Forex Round Up

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Posted under USD, EUR, GBP, CHF, JPY at 12:53 pm UTC, 05/23/2012
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May
24
Today’s Global
Market Events
8:30am
CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am
EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am
USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm
USD
FOMC Member Dudley Speaks
3:00pm
USD
Treasury Sec Geithner Speaks
7:30pm
JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%