China Disappointment Buoys Dollar
Marc Chandler
April 13, 2012
China's Q1 GDP disappointed expectations and market rumors and is the chief driver of the capital markets today. The official measure of growth was 8.1%. The consensus was 8.4% before yesterday's rumors of a 9% rise made the rounds and helped lift sentiment--seeing equities rally, gains in the dollar bloc currencies and a weaker dollar.…
China Disappointment Buoys Dollar
Reviewed by Marc Chandler
on
April 13, 2012
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