Slow road for China
NAB Morning Call
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The Aussie Dollar Continues Sinking
Moniofil: China's inflation numbers included deflationary minus 0.2 percent month on month for June and year on year for producer prices down to minus 5.4 percent more than expected. The consumer has become very cautious with the private sector also not willing to invest, he says. Moniofil: What is encouraging though in terms of that sound bites that we're getting is that finally we're talking about fiscal spending whereas before those numbers had not been raised there.
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