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Chinese authorities are beginning to worry

The PBoC will be making stabilizing economic growth a bigger priority. The authorities are obviously concerned over the slowdown of the world’s second largest economy. In their Q2 monetary policy report this week, policy makers repeated their “regular” three objectives of maintaining steady and relatively fast growth, adjusting economic structure and managing inflation expectations. But, they have managed to insert a new statement on growth, saying it would “put stabilizing growth in a more important position.” This message has already been repeated by the country’s President Hu earlier this week. China grew +7.6%, y/y, in Q2, the slowest rate since the global financial crisis began.

Below are some other highlights of the week:


EUROPE

 

AMERICAS Week in FX [1]

EUROPE Week in FX [2]

 

WEEK AHEAD

  • More rate announcements from AUD and JPY
  • CHF and CNY will produce inflation data
  • Manufacturing and trade data comes to us from GBP, CAD and USD
  • GBP has inflation reports
  • Employment numbers are released in NZD, AUD, USD and CAD

 

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Dean Popplewell

Dean Popplewell [7]

Vice-President of Market Analysis at MarketPulse [8]
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell
Dean Popplewell

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