Earlier today this headline hit the wires:
*CHINA MAY SET LOWER GDP GROWTH TARGET FOR 2015: BUS. NEWS
Ever since both the ASX 200 and AUD have given back early gains. If indeed the Chinese do lower their growth target, something that looks inevitable given the current growth trajectory, it’ll strip out much of the ‘bad is good’ mentality when it comes to Chinese data and the prospect for new stimulus measures.
Should make the data more fun to trade when it hits in 5 minutes…