China’s trade surplus was larger than expected in June at $41.6bn from $24.92bn in May, notes the research team at TD Securities. Key Quotes “Exports rose 11.3% y/y (consensus 9.5%), while imports rose 14.1% y/y (consensus 21.3%). Weaker than forecast imports, will on the margin, add to the narrative about slowing Chinese growth.” “The trade surplus with the US revealed a further increase on a 12m rolling basis to $293.7bn, likely keeping US/China tensions elevated. The monthly surplus with the US was $28.97bn, a new record, with exports up 12.6% y/y and imports up 9.6%. y/y.” “To round out the picture China’s trade surplus with the EU grew on a 12m basis, rising to $131.8bn, while China maintained a deficit with Japan of $-33.bn and the surplus with the rest of Asia continued to narrow, falling to $65.8bn, its lowest since July 2014.” 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 GBP/USD Review: Brexit sees the Sterling sliding into Friday FX Street 5 years China's trade surplus was larger than expected in June at $41.6bn from $24.92bn in May, notes the research team at TD Securities. Key Quotes "Exports rose 11.3% y/y (consensus 9.5%), while imports rose 14.1% y/y (consensus 21.3%). Weaker than forecast imports, will on the margin, add to the narrative about slowing Chinese growth." "The trade surplus with the US revealed a further increase on a 12m rolling basis to $293.7bn, likely keeping US/China tensions elevated. The monthly surplus with the US was $28.97bn, a new record, with exports up 12.6% y/y and imports up 9.6%. y/y." "To round out the… 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.
