according to love Kang financial on April 7, in previous trading day of foreign exchange market Asia Development Bank Wednesday (6th) publishing of report said, by international agri-price high enterprises, labor wage rose and domestic demand strong of effect, is expected this year China residents consumption price index (CPI) rose to 4.6% around, this year late by warping tail factors weakened of effect, is expected inflation rate has decline.
the market expected the European Central Bank will raise interest rates by 25 basis points today, even opening interest rate cycle, combined with the stock market rose in Europe and America improved risk appetite, the dollar continued to decline. But reminded investors to be aware of is that the market has digested the eurozone will enter the policy significantly tightening cycle factors, and the European Central Bank is expected to be issued a very strong signal, so there is also President of the European Central Bank Mr Trichet attitude is more relaxed, the euro will be profits and short-term risk of sharp declines. European Central Bank will be announced in Beijing today 19:45 resolution short-term interest rates, and after the Conference Declaration at 20:30. About expectations that the ECB will raise rates and the Federal Reserve (FED) in sharp contrast to the uncertainty of when to start tightening policy.
euro strengthens on strong economic data provide support. For example, Germany economy Ministry announced orders monthly rate in February increased by 2.4%, an increase far exceeded expectations, expecting an increase 0.6%; an annualised increase of 21.7%. Data reflects the country's economic growth is not reduced, manufacturing performance. Meanwhile, Eurostat published 2% quarter IV GDP values per cent growth in the eurozone, expected growth 2%; quarter rate growth 0.3%, expected growth 0.3%.
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