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China's GDP Sinks Aussie, Norh Korea's Rocket Just Sinks

Friday, 13 Apr 2012 | 8:23 AM ET

Chinese GDP disappoints and Singapore is tightening its purse strings - it's time for your Friday FX Fix.

Spanish banks are relying heavily on European Central Bank lending, new data showed, and the euro slipped. [CNBC]

At 8.1%, China's GDP growth fell short of expectations, and the dollar rose as risk appetite waned. [CNBC ]

The Chinese GDP data also took some steam out of the Australian dollar, which was up ahead of the report. [theaustralian.com]

The Singapore dollar rose after the government, in a surprise, said it will tighten monetary policy to counter inflation pressures. [CNBC]

North Korea's failed rocket launch sent the South Korean won higher. [WSJ]

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