China’s Trade data (CNY): Imports and exports jump sharply in December

China’s Trade Balance for December, in Yuan terms, came in at CNY + billion versus CNY 315 billion expected and CNY 274.21 billion last.

Exports came in at +9% vs. +2.8% expected and +1.3% last, while imports arrived at +17.7% vs. -1.4% expected and +2.5% last.

The upbeat Chinese trade data served failed to impress the AUD bulls, leaving AUD/USD pair in lows around 0.6890 region, as the focus remains on the US-China trade deal signing.