China’s trade data was better than expected in March, with both imports and exports declines smaller than expected, per TD Securities. USD/CNY trades at 7.059. Key quotes “China’s March exports came in at -6.6% (TD -13.5%, mkt -13.9% y/y) while imports were -0.9% (TD -1%, mkt -9.8% y/y) in USD terms.” “The March trade balance was $19.9bn (mkt $20.0bn) while the trade surplus over Q1 20 was $13.2bn, down from $76.3bn in Q1 19.” “Unfortunately, the good news is unlikely to last. Demand side weakness is likely to result in a sharp decline in exports over the next few months.” “While China is increasingly reacting to growth risks via greater fiscal and monetary action it will not be enough to engineer a V-shaped recovery.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Cryptocurrency Market Update: Bitcoin breakdown to $6,000 awaiting confirmation, Ethereum and Ripple in consolidation FX Street 2 years China's trade data was better than expected in March, with both imports and exports declines smaller than expected, per TD Securities. USD/CNY trades at 7.059. Key quotes “China's March exports came in at -6.6% (TD -13.5%, mkt -13.9% y/y) while imports were -0.9% (TD -1%, mkt -9.8% y/y) in USD terms.” “The March trade balance was $19.9bn (mkt $20.0bn) while the trade surplus over Q1 20 was $13.2bn, down from $76.3bn in Q1 19.” “Unfortunately, the good news is unlikely to last. Demand side weakness is likely to result in a sharp decline in exports over the next few months.”… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
