China’s Trade Balance for January and February, in Yuan terms, came in at CNY675.86 billion versus CNY369.73 billion expected and CNY516.81 billion last. The exports in the first two months of 2021 surged by a whopping 50.1% vs.11.2% expectations and 10.9% last. Imports arrived at 14.5% vs.-2% market forecasts and -0.2% prior. In USD terms, China reported a widening trade surplus, as imports and exports both bettered the consensus forecasts. Trade Balance came in at +103.25B versus +60B expected and +78.17B previous. Exports (YoY): +60.6% vs. +38.9% exp. and +18.1% last. Imports (YoY): +22.2% vs. +15% exp. and +6.5% last. Additional takeaways “Chinese authorities combine trade data for the first two months to compensate for fluctuations due to the Lunar New Year holiday, which falls at different times each year in January or February.” “Forecasters say the Chinese export surge should decelerate as demand for masks and other medical supplies eases and overseas competitors return to global markets.” “Trade officials have warned that the global situation still is “grave and complex.” AUD/USD Weekly Forecast: Aussie bulls won’t give up easily 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 Stellar Price Prediction: XLM/USD eyes a 60% rally on a symmetrical triangle breakout FX Street 1 year China's Trade Balance for January and February, in Yuan terms, came in at CNY675.86 billion versus CNY369.73 billion expected and CNY516.81 billion last. The exports in the first two months of 2021 surged by a whopping 50.1% vs.11.2% expectations and 10.9% last. Imports arrived at 14.5% vs.-2% market forecasts and -0.2% prior. In USD terms, China reported a widening trade surplus, as imports and exports both bettered the consensus forecasts. Trade Balance came in at +103.25B versus +60B expected and +78.17B previous. Exports (YoY): +60.6% vs. +38.9% exp. and +18.1% last. Imports (YoY): +22.2% vs. +15% exp. and +6.5% last.… 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.
