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China GDP & Industrial Production
|S&P Global Ratings has recently downgraded China’s sovereign credit rating. As a result, the market will be paying very close attention to the key Chinese data releases – GDP and industrial production. The data will be published at 05:00 MT time on October 19.|
|China’s gross domestic product (GDP) rose by 7.3% in 2014, 6.9% in 2015 and 6.7% last year. The Asian nation’s economic growth is slowing down.|
|Chinese releases will have a strong impact on the AUD and the NZD. These currencies will suffer if the figures disappoint. Japanese yen, on the contrary, will react in the opposite way.|
In October, American consumer prices managed to jump by the most for 9 months against the backdrop of profits in the cost of gasoline as well as rents, thus indicating steadily soaring inflation, which will probably keep the key US bank on track to have…
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