China's Economy Grew 11.9 Percent in First Quarter: Sources

China's 11.9 percent growth in this years first quarter was the fastest annual pace in nearly 3 years and was above forecasts. China credited their fast pace growth to policy stimulus. This stronger then expected GDP growth resulted in a build-up of broad-based price pressures, even if inflation fell in March. China plans to respond with tightening up their policies, including higher bank reserve requirements, increasing the interest rate and placing restrictions on infrastructure spending. How might this effect the exchange rate with the US?