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15 Apr 2015
CNY strong within range - Scotiabank
FXStreet (Guatemala) - Camilla Sutton, chief currency strategist at Scotiabank noted that despite the Chinese data of late, the CNY is strong.
Key Quotes:
"..But trading within its recent range."
"China’s Q1 GDP came in as expected at 7.0%y/y, the lowest level in six
years."
"The March data was generally disappointing, including todays retail sales and industrial production, growing at 10.2%y/y and 5.6%y/y, respectively."
"The data has been enough to increase concerns over China’s growth outlook and spur some early rumours of stimulus."
Key Quotes:
"..But trading within its recent range."
"China’s Q1 GDP came in as expected at 7.0%y/y, the lowest level in six
years."
"The March data was generally disappointing, including todays retail sales and industrial production, growing at 10.2%y/y and 5.6%y/y, respectively."
"The data has been enough to increase concerns over China’s growth outlook and spur some early rumours of stimulus."