Euro has hit a fresh five - month low against the dollar and the reason seems to be the deteriorating finances of Greece, and it is a notable fact that the Australian dollar stood its own after the risk of tightening was increased by the strong Chinese data.

The market players have reportedly been paying a lot of attention this week to the Chinese data as they suspect that Beijing might step in to make the credits tight and also to rein in its economy that is rapidly expanding.

It has been reported that the annual gross of the growth in the domestic products of China increased at a great speed in the fourth quarter and with the acceleration of inflation, it is expected that Beijing will take the necessary steps before long. I

It was also reported that a gradual tightening in the attempt to prevent the bubbles for the goodness of the economy when it is considered in the long run. But it could lead to a small problem in the shorter run for the world economy as the major economies are still in a struggle over their exit strategy and its timing.