USDCNY: Will Chinese Data Show Slowdown Risk?

Market traders won't only be looking to the US economy and President Obama's speech today. With plenty of Chinese economic data scheduled as well, there will be a lot of attention on the Asian markets. The only question is whether or not these releases will signal an imminent slowdown in the world's second largest economy – China. Beijing officials will release economic reports on consumer retail sales and consumer prices later tonight – just before midday in Asia. Expectations are for both reports to show a considerable retrenchment in previous advances as numerous tight monetary policies – that have been implemented by the state – seem to be working their way through the economy. The first indication will come from the consumer sector. Read the article here - http://forexalliance.com/2011/09/usdcny-chinese-data-show-slowdown-risk/