The Traderszone Network

The dollar rose against the yen in Asian trade Tuesday, keeping pace with a gain for Tokyo stocks, and as investors weighed up China economic data.
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Final data now out
– -0.1% flash
– yy +0.3% as exp/flash
– HICP 0.0% a exp/flash
– yy +0.2% as exp/flash
Nothing to glean from this final data
Euro still on the back foot a little as equities firm

China’s latest economic data shows the country’s economy is still growing, but at a much slower rate. CNN’s Andrew Stevens reports.

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But analysts say any boost from sluggish China GDP, which could prompt stimulus from the government, will be short-lived for the commodity.
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U.S. market regulators ordered high-yield credit managers to turn over information showing why their bonds could be sold as quickly as they say following the collapse of a Third Avenue Management LLC fund.

Former US Fed chairman Ben Bernanke quoted by Bloomberg
” Much of the appreciation in the US $ may have already happened. We may not see much more”
He’ll certainly have a point if the Fed are slow to hike further but there are other forces at work too right now.